we ll be going live to las vegas to catch up with jim in just a second. all right, meanwhile, let s go to senior political editor mark preston, also in vegas while we re waiting to hear from our jim acosta. mark, we have just been talking about these new polls that were released a few moments ago as we are preparing for the presidential debate tonight. okay. this is live television, folks. it s like a juggling act when you have about three live shots to get to in las vegas. jim acosta, are you in place? there we go. we got you. this is a, this is of no fault of my own, kyra. i promise you. did you have a late night in vegas, jim? listen, what happens in vegas, kyra. that s all i have to say. no. the lovely carol costello, carol had to move off and mark preston and i had to move in. this is live tv. we have to roll with the punches here. we got a little debate tonight, what do you think, kyra? yes, we do. we have been talking about, you know, just who, i guess the
quick to compromise with republicans. well, today that same president delivered this warning. i will not support i will not support any plan that puts all the burden for closing our deficit on ordinary americans. and i will veto any bill that changes benefits for those who rely on medicare, but does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. the rich, very rich politics of this debate in just a moment. first, though, let s take a closer look at what the president proposed today. the president, of course, trying to influence that super committee, as i said. here s the main proposal from the president. he wants to have a mandatory spending cuts, $580 billion over the next ten years. tax revenues, $1.5 trillion in new tax increases over the next ten years. war savings. the president says he ll be saving $1.1 trillion because the united states will be getting almost all of its troops out of iraq. many of it
president hopes now to influence that so-called congressional super committee, charged with drafting a big deficit reduction plan. fellow democrats for months on this issue and others have complained the president is too quick to compromise with republicans. well, today that same president delivered this warning. i will not support i will not support any plan that puts all the burden for closing our deficit on ordinary americans. and i will veto any bill that changes benefits for those who rely on medicare, but does not raise serious revenues by asking the wealthiest americans or biggest corporations to pay their fair share. the rich, very rich politics of this debate in just a moment. first, though, let s take a closer look at what the president proposed today. the president, of course, trying to influence that super committee, as i said. here s the main proposal from the president. he wants to have a mandatory spending cuts, $580 billion over the next ten years. tax r
china s economy cools slightly, but still hot enough to beat the forecast. uk lawmakers close ranks to try and block news corp s bid for bskyb. first up though here in the italian capital, the government is preparing to speak to parliament for a marathon debate over the next couple days, designed to gain the necessary approval for painful austerity measures. these are ones designed to prevent this country from becoming the fourth eurozone nature to go cap in hand to the imf, the eu and the ecb. pauline. european stock market investors are watching italy s debt crisis very closely. here is where they stand at the moment. let s take a look at the moment. the london ftse making some gains, so is the xetra dax t. zurich smi is pretty much flat at the moment on this wednesday morning. nina? pauline, of course, the effects of italy s debt crisis are being next right across the board. let s have a look at where the ftse is. the milanese has lost about 4,000 points in the last
this stalemate. congressman, democrat from california and a member of the house budget committee. congressman alan west, a republican from california who is a member of the house armed services committee and the house tea party caucus. both are freshmen members of congress, so this is, for better or worse, congressmen, congresswoman, your first go round. sometimes washington doesn t seem to quite work well. congressman west, i want to come to you first because you ve heard the narrative from the democrats in recent days that this deal would be done already except the new tea party guys, conservatives like you, who said you were going to come to washington and dramatically cut spending have a straight jacket on your speaker. is that right? well, i don t think we have a straight jacket on our speaker, and i think that when you look at the epic proportions of the problems we have here in washington d.c., the past three years we ve had deficit spending of $1.42 trillion and now it looks