Person: William Daley

Democrats claim their $10.5 billion in proposed cuts are "halfway" to the GOP’s $61 billion. We give that arithmetic an "F."
President Barack Obama claimed during his March 5 radio address that "my administration has already put forward specific cuts that meet congressional Republicans halfway." And White House Chief of Staff William Daley repeated the "halfway" claim during his appearance on "Meet the Press." Earlier, Gene Sperling, director of the White House National Economic Council, told reporters: "The White House has been willing to move halfway to where they are."