President Obama's budget plan outlines large-scale changes in tax policy, calling for $318 billion of tax increases over the next 10 years for the wealthiest individuals and families combined with tax cuts for the middle class. Analysts discuss the impact…

President Obama has indicated that he may not seek upgrades to the presidential fleet of helicopters due to skyrocketing costs, an expense for which former President Bush had budgeted. An analyst assesses the rapidly rising prices charged by defense contractors.

In Shishmaref, Alaska -- a 600-person village 20 miles south of the Arctic Circle -- residents are feeling the effects of climate change: earlier sea ice melts and increasing storm surges. Tom Bearden reports on how the residents are coping.