Obama Agenda Taking Back Seat to Fiscal Reality?

President's budget proposal already overdue

Less than one month into his second term, President Barack Obama looks to complete the outlines of an ambitious agenda in his State of the Union address Tuesday night.

In his inaugural speech, the president telegraphed several initiatives he wants Congress to pursue and pass this year: gun control legislation, a bill to create a legalization process for many of the nation's illegal immigrants, subsidies for renewable energy technologies and legislation to respond to climate change.