you re looking at live picture from the united nations. where all eyes right now are on this year s general assembly. president obama and the first lady, michele bachmann, expected to arrive in new york only minutes from now. at issue for the united states and much of the world this week, a showdown over the middle east. the palestinian authority president vowing to submit a formal application for statehood to the united nation s security council. it could have serious implications for the u.s. relationships with iz real and the arab world. much more on this part of the story coming up. let s get to the president s plan it slash trillions of dollars through the national debt. a plan he says will do the right thing. either we ask the wealthiest americanes it pay their fair share of taxes or asking seniors to pay more thor medicare. we can t afford do both. either we gut education and medical research or we ve got to reform the tax code so that most profitable corporations