cargo bomb plot was targeting the eastern united states. how close americans came to actually being attacked. a dramatic new attempt to make sure smokers understand their health and their lives are at risk. stand by to see the very graphic labels you could see soon on cigarette packs around the country. i m wolf blitzer. you re in the situation room. we begin with a surprise look today at a new proposal to try to get america off the roller coaster of deficit spending. over the past decade, the nation has gone from a $269 billion budget surplus to a projected deficit of almost $1.4 trillion this year alone. the draft proposal out today would slash the budget red ink by some $4 trillion over the next ten years. the blueprint was released earlier than expected by the co-chairman of the bipartisan panel appointed by president obama. let s bring in jean sahadi for cnn money. what are the highlights of this proposal? well, it pretty much touches everything in the federal bu