Guardian commentator Seumas Milne and economics correspondent Ashley Seager discuss public spending cuts. Should the government reduce spending at all in the short term? If so, where will the axe fall?
Richard Norton-Taylor, our security editor, looks at the true cost of the Trident nuclear programme – one area of the defence budget that many believe is vulnerable to cuts.
And diplomatic editor Julian Borger explains why Barack Obama announced he was scrapping America's missile defence shield, and how Russia might respond.
