Obama Demands $100 Million In Budget Cuts

Using the platform of his first formal Cabinet meeting Monday morning, President Obama insisted that the federal government's department heads come up with $100 million in cuts to the federal budget within the next 90 days. Republican leaders scoffed at the gesture, with House Budget Committee ranking member Paul Ryan pointing out that $100 million represents only 13 minutes of federal spending. President Obama's response to the criticisms after the cabinet meeting was: "What we're going to do is, line by line, page by page, $100 million there, $100 million here, pretty soon even in Washington, it adds up to real money."