President Obama unveils his deficit reduction plan, with new taxes and spending cuts. Plus, Congress argues over disaster relief and a possible government shutdown. Also, Palestinians appeal for full membership at the UN. And the GOP presidential candidates debate. Joining Gwen: Christi Parson, Tribune Newspapers; John Harwood, CNBC/New York Times; Karen Tumulty, Washington Post; Susan Davis, National Journal.
On the Webcast Extra: US soldier serving in Iraq gets booed during the GOP presidential debate. Republican set their sites on the White House and Senate in 2012. Why did the stock market plunge after the Fed Reserve took action to boost the economy this week? President Obama's strategy for Libya.