Shaun Donovan: “This is an urgent priority that we change the formula. And to be very frank, the formula simply doesn't make any sense…”

The budget is a blueprint for the President's vision for middle class economics in the 21st century.

Not only have we seen the slowest growth in healthcare costs over the last 3 years that we have seen in 50 years, but the budget goes farther.

I would really describe [sequestration], in many cases, as mindless austerity, cutting just simply straight across the budget without reflecting, really, which are the critical investments.

Don't take my word for it; the Joint Chiefs have spoken out, I think, very effectively over the last few weeks that our national security would be put at risk by a return to sequestration.