The Company Memo: Wednesday, March 13, 2013

Updated
Senate Majority Leader Harry Reid speaks with reporters following a Democratic strategy session at the Capitol in Washington on Jan. 22, 2013.
Senate Majority Leader Harry Reid speaks with reporters following a Democratic strategy session at the Capitol in Washington on Jan. 22, 2013.
File photo by J. Scott Applewhite/AP

Senate Democrats formally unveil their budget Wednesday, one day after House Budget Committee Chairman Paul Ryan, R-Wisc., presented his. The two sides are taking opposite positions when it comes to revenue, balancing the budget, and cuts to Medicare and Medicaid. Can President Obama’s meeting with House Republicans Wednesday afternoon bring both sides a step closer to common ground? We’ll talk with Rep. Bruce Braley, D-Iowa, and Politico’s Senior Congressional Reporter Manu Raju and Roll Call’s Acting Politics Editor Shira Toeplitz.

We’ll have the latest from the Vatican as the cardinal electors enter the second day of the conclave. Father Bartunek and Liz Lev in Rome will tell us about the secretive voting process, and what really moves cardinals toward consensus during the hours of silent voting. Plus, Father Dave Dwyer of The Catholic Channel on Sirius XM joins us to talk about how social media is changing the way people follow the conclave.

How much does it cost to run for Congress? The staggering sum is, on average, $10.5 million. Read more on msnbc.com and check out our conversation with former Senator Blanche Lincoln, D-Ar., and Myra Miler of The Winston Group.

Plus, we’re diving into the dire fiscal crisis in Detroit, where the city council begged the state to repeal Gov. Rick Snyder’s planned appointment of an emergency manager for the city Tuesday. The National Memo’s David Dayden joins us with the latest.

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The Company Memo: Wednesday, March 13, 2013

Updated