House GOP Budget Sets Stage For Showdown With The President

House Republicans unveiled a draft budget Tuesday designed to bring government spending in line with revenues over the next decade, while making significant cuts to safety net programs such as Medicaid and food stamps.

The plan is non-binding, but sets the stage for a political showdown between the new, all-Republican Congress and President Obama.

"Our balanced budget for a stronger America saves $5.5 trillion, gets to balance within 10 years, without raising taxes," said House Budget Committee Chairman Tom Price, R-Ga. "The