Did Obama Make Any News during his White House News Conference?

One hour and a dozen questions later, CBS News chief Washington correspondent Bob Schieffer asked: was there any news in President Obama's press conference on the budget?

"I thought his bottom line on the budget was, you can throw it away, at least for the long-term," CBS News chief White House correspondent Chip Reid said immediately following on "Washington Unplugged."

"It's about worth the paper it's printed on."

The 2012 proposed budget, which is unlikely to pass Congress in its current form, includes $1.1 trillion in deficit savings over 10 years and was presented to Congress Monday. It was immediately panned by Republicans for not tackling entitlement reform, including Social Security and Medicare.v

"I certainly didn't get any indication [Tuesday] that he's ready to run up to Capitol Hill and start negotiating on these things," Reid added.

"The big question mark here is entitlements," CBS News business and economics correspondent Rebecca Jarvis said. "That is the bulk of our budget and it's not accounted for in the budget that's been proposed by the Obama administration."

But Republicans don't seem have a consensus plan for entitlements either.

"Paul Ryan does, but Republicans haven't signed on to that yet," Reid said, adding that lack of agreement with the GOP works in Obama and Democrats' favor.

"This may not be an election year, but it sure feels like an election year," Reid said.

Christine Delargy is an associate producer for CBSNews.com. You can read more of her posts here. You can also follow her on Twitter here: http://www.twitter.com/cbswashunplug.