News bites: Obama's budget foray

President Obama will lay out his long-term vision for reining in the federal deficit with a Wednesday speech.

The details of the long-term continuing resolution are being hammered out between congressional negotiators.

Peter Orszag, the former director of the Office of Management and Budget (OMB), talks about his transition from DC to Wall Street.

The outlook for industrial nations is looking rosier, with Germany and the U.S. leading the way.

Corporate profits likely rose to record levels last quarter.