that the cold war ended more than two decades ago. wolf blitzer is off today. i m gloria borger and you re in the situation room. captions by vitac www.vitac.com the average price for a gallon of regular gas today is about $4. make that $3.92. our new poll shows nearly half of americans expect that price to hit $5. that s $5 this year and most blame the oil companies. president obama tried to hitch a ride on those sentiments today. chief white house correspondent jessica yellin is here. jessica, is the president going after big oil? again. believe it or not, it really felt like today was let s play politics with gas prices day in washington. the president played his part from the rose garden. think about that. it s like hitting the american people twice. he called on the senate to pass a bill that would have eliminated billions in tax breaks for oil companies. american oil is booming. the oil industry is doing just fine, with record profits and rising prod
passes paul ryan s 2013 budget plan. i applaud my colleagues for the tough decisions they have made to try to do the right thing for the country. the problem is we already now how this story will end. zero democrats voted for this budget which means it s dead on arrival in the senate. democrats say it ends medicare as we know it. as for the president s budget, it s a no-go too. it s a campaign document that raises taxes and doesn t rein in spending. here s the bottom line. america hasn t had a budget in 1,065 days. both sides say this is a tragedy but instead of compromising or embracing the revenue raising and the blueprint of the gang of six or the simpson-bowles commission, both sides put their own budgets out knowing full well they won t pass. the blame, they say, goes to the other side of the aisle. we don t think that the president s led on this issue by virtue he s given us four budgets with literally no proposal to prevent a debt crisis, to get this debt under c
that are not true about george. how he s being portrayed is just an absolute lie. robert zimmerman insists his son acted in self-defense. he talked about taking a, quote, leap of fate. federal charges filed against that jetblue pilot that had a midair meltdown. the captain s mental health coming into question, whether he should have been at the controls in the first place. where s mom? what are you stopping for? here it is, right here, right here. we re out, we re out, we re out. dramatic cell phone video captures one family s harrowing escape from a fire burning in colorado. two key endorsements for mitt romney to tell you about. one, a potential running mate. the other, a former president. the polls show the gop front-runner has a lot of work ahead if he plans to beat president obama. we start with new developments overnight in the trayvon martin investigation. just released video obtained by abc of george zimmerman on the night he fatally shot the 17-year-o
the unarmed teenager. zimmerman does not appear to have any injuries consist went a life and death struggle that his lawyer claims he had with the 17-year-old. a police report says zimmerman was bleeding from the nose and the back of his head and was given first aid at the scene, but then this video was recorded. president barack obama tries to tap into the anger over rising gas prices. in a speech just a short time ago, the president called on congress to end tax breaks for the oil industry. the senate republicans have just blocked a vote on legislation to repeal the tax breaks. republicans argue that would lead to even higher gas prices, but the president says big oil doesn t need subsidies. it s not as if these companies can t stand on their own. last year the three biggest u.s. oil companies took home more than $80 billion in profits. exxon pocketed nearly $4.7 million every hour. and when the price of oil goes up, prices at the pump go up, and so do these company s p
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