Plante's report on President Obama's upcoming speech on reducing the debt led the 7 am Eastern hour. Near the end of the segment, the correspondent touted how "the President's goal today is to appear as the voice of reason, and to set the stage for the next big debate, which is going to be over raising the federal debt limit, something the Republicans say they won't vote for unless there are more big spending cuts."
Hill's interview of the House Majority Leader began immediately after this report, and she came out of the gate with her hint at the need for tax hikes: "The Republican plan...essentially looks to slash the deficit through cuts, but doesn't there also need to be, perhaps, some more money coming in to, at the same time, pay things down and make a meaningful dent. Can you really establish that just through cuts?"
After Rep. Cantor gave his initial answer, the CBS host followed up with her liberal-leaning push for congressional Republicans to give up on some of their budget proposals: "At some point, does there have to be a little give and take, because, as we're seeing in the Republican plan, there are tax cuts for the wealthiest Americans, yet, there are also cuts and changes to social services programs for some of the neediest here for seniors and for the poor?"
The full transcript of Erica Hill's interview of Rep. Eric Cantor from Tuesday's Early Show: