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Video: D.C. braces for bigger budget battle

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    >>> the latest on the deal to keep the government open. mike viqueira is with us. good morning.

    >> reporter: they're calling it that deal that they struck late friday night. the biggest annual spending cut in american history . and both sides are taking credit even as they prepare for a much bigger budget battle to come. for washington tourists this weekend, a double treat. a surprise visit from the president at a lincoln memorial still open for business .

    >> because congress was able to settle its differences, that's why this place is open today and everybody is able to enjoy their visit and that's what kind of future cooperation, i hope we have going forward. this is what america is all about.

    >> reporter: the deal was made just 90 minutes before the government would have partially shut down.

    >> the motion is adopted.

    >> reporter: and the president warned the budget cuts he agreed to will be painful.

    >> but beginning to live within our means is the only way to protect those investments that will help america compete for new jobs.

    >> reporter: though there are some conservative holdouts, house speaker john boehner is getting good reviews from republicans.

    >> this has been a lot of discussion and a long fight. we fought to keep government spending down because it really will, in fact, help create a better environment for job creators in our country.

    >> reporter: but the battles have just begun. all told the new agreement cuts just $1 in $100 of federal spending and next week house republicans will vote on a bigger, even more controversial plan to slash the national debt beginning with next year's budget .

    >> if we stay on the current path we are heading to a debt-fueled economic crisis meaning massive tax increases, sudden cuts to vital programs, runaway inflation, all free.

    >> reporter: aides in congress hope to have it for a vote on wednesday and then they start that big budget debate the very next day. lester?

    >> mike viqueira, thanks. with this year's budget taken care of, congress now moves on to deciding on next year's budget and whether to raise the debt ceiling. for are more we're joined by david gregory , moderator of "meet the press." good morning to you.

    >> hey, lester.

    >> watching the president jog up the steps, looked like a victory lap. he and the democrats gave up a lot more than they originally intended to. so what's to celebrate?

    >> well, i think what the president is trying to do is appear to be botch the fray. to say to the american people , look, i ultimately averted this. i was able to bring the sides together and, you know, keeping the lincoln memorial open while still making a lot of cuts. this is a campaign theme here. you are going to hear the president say things like, we've got to get serious about cutting the deficit. we have to be serious about cutting government spending but i'm not as ex tratreme as the other guys who want to do that. if he gets the message out in the way he hospitals to the white house thinks he's in a better position.

    >> let me ask you about john boehner . this was his first big test as house speaker . mike mentioned the republicans are pleased with how he did. are democrats viewing him as a tougher adversary after the last week?

    >> i think they have to. look, the upside is that republicans in many ways are in control of the debate, right? cutting government spending , perhaps even taking on the entitlements, these have become front and center issues now that the white house has to engage in. the difficulty for speaker boehner is that he has key party caucus that is not as interested in legislating, in compromising. they are much more of a purity test here about the debt, about the debt ceiling. that makes it very difficult for him to ultimately find compromise and work with the white house .

    >> and they have both gone to their respective corners to figure out the next battle, this whole debt ceiling question. what have they learned and how the american people have reacted to it and how will it play out?

    >> the one thing both parties understand in this shutdown particul particularly with the military piece and the notion that we are going to delay payments to our soldiers fighting wars in afghanistan and iraq, that would be unacceptable. you want to see public backlash against washington, that would be unacceptable. but this was still a spectacle and i don't think the americans are very pleased what they thought of their government this week. that has to inform what's going to happen next. here is the problem. we're really beginning a campaign season so these battles are going to be drawn out and they are going to be taken, frankly, as they were 15 years ago to a presidential election to fight about these issues once and for all.

    >> i know this is topic number one on "meet the press." who are your guests?

    >> senior adviser for the president as well as paul ryan , the guy to see on the budget these days, the house budget chairman, republican, of course, and he has a new plan out that is quite controversial and others see it as quite ambitious.

    >> "meet the press" later on

Interactive: Budget brinkmanship


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