Congress and the president need to agree on a number of spending issues outside of this year's budget.

House Republicans have unveiled their 2012 spending plan. The president will talk about reducing the deficit on Wednesday. And if Congress doesn't raise the debt limit, the government could default on its obligations very soon.

Stan Collender is a partner at Qorvis Communications and a regular budget guru on Federal News Radio. He says you're not out of the woods yet.