they call it something only a billionaire could love. and the latest jobs numbers. the unemployment rate dropping a bit. we re going to show you some americans are now looking for and finding jobs in asia. i m wolf blitzer. you re in the situation room. we may be hearing any moment now from one of the women who reportedly accused herman cain of sexual harassment. her lawyer is waiting for approval from the national restaurant association, which was once led by herman cain, to issue that statement. you re looking at a live picture. the cameras are set up outside his office in washington, d.c., the office of joel bennett. brian todd is standing by. what are you learning? we re about to hear, we suspect, from joel bennett on whether or not they worked out an agreement with the national restaurant association. wolf, we re hearing that something could come soon from mr. bennett within way or the other to let us know if we re going to get some kind of a statement from his cli
adjusted income of $380,000 already paid 38% of the total income tax in 2008. this is not class warfare. it s math. other questions about whether the president s math adds up to $4 trillion in deficit reduction. no rise in the eligibility age for medicare. so the president still promises $580 billion in entitlement savings. he counts $1 trillion in savings from wars in iraq and afghanistan that are already winding down. also, $430 billion from less interest on the debt. let s get our economy going. get more people back to work. more people on the tax rolls, and then if we need more revenue, all right? we will take a look where we can get them then. the president said today there this is a fair deal there are $2 in spending cuts for every dollar that s raised in taxes. you can hear the republican speaker there essentially taking taxes totally off the table. john boehner went fitter in his speech in ohio today saying basically giving the president
security to a ponzi scheme. will his performance in his first presidential debate come back to haunt him? the chilling words of the lead high-jacker of 9/11. while the attacks were in progress. stand by for unforgettable audio, some of it never heard before. i m wolf blitzer, you re in the situation room. president obama certainly knows full well what he and the american people have at stake this evening. there will be an urgency in his voice when the president goes before a joint session of congress less than two hours from now. we re getting late word that the jobs package he ll unveil is bigger than many of the initial reports suggested. let s get some of the details from our chief white house correspondent jessica yellin. jessica, what are you learning? reporter: the democrat familiar with the president s plan tells me this package is now worth more than $400 billion. i m told this package targets a number of different groups. first let s take a look at it. for al
it called an emergency campaign to push back. yet urged members to call mr. obama s re-election headquarters in chicago and other democratic campaign organizations to condemn any deal that cut entitlements and did not raise taxes on the rich, saying it would be a betrayal of core democratic values and could have serious consequences for the base s involvement in next year s elections. some democrats needed little encouragement to oppose changes in entitlements. we do not support cuts in benefits for social security and medicare. but president obama has consistently argued some changes are necessary. but we should look at what can we do in the out years so that over time some of these programs are more sustainable. and sunday administration officials defended changes in entitlements, which had promised tens of trillions more than the government can pay for. entitlement savings to secure medicare and medicaid for the future with tax reform that would generate revenues help us
president and the speaker believe that the best thing we can do is put together a very substantial contribution to getting our fiscal house chris: you are saying the so-called grand bargain is still alive. i wouldn t say it that way. two approaches. one like that comprehensive, balanced entitlement savings to secure medicare and medicaid for the future with tax reform that would generate revenues, help us solve this problem. but, there is also some talk about a plan that senator mcconnell and senator reid both put forward that would also take default off the table and put in place a special committee with special powers to try to move legislation to achieve that same outcome. now, you can solve this problem lots of different ways. but the two key things are we take default off the table. the threat of default off the table through the election and we put in place a framework of tough reforms, forces congress to act relatively soon. we don t want to fall behind the concern of cu