the president believes that we have to make tough choices. he will put forward when he does his specific proposals for the so-called supercommittee in congress and to congress generally for long-term deficit and debt reduction that will include adjustments to medicare and medicaid. he said tonight he understands that's not always popular with every member of his party nor is what he absolutely thinks is essential the need to overhaul tax code and close loopholes and ensure that wealthiest among us pay their fair share. everyone has to take a step toward the center to get essential things done on behalf of the broad swath of the american people. >> jay, before you go, what do we need to know about the terror threat that's just been revealed? >> well, what i can tell you, lawrence, i said the other day here in the briefing room to the white house press corps is that the president chaired a meeting two days ago of his senior homeland security team going over all of the preparations for the 9/11 anniversary, tenth anniversary of those terrible