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Pick the up on it and said let's pass a bill. this should not have any vote against it. >>guest: the main problem we wanted to point out no one should pay taxes on income they earn overseas. we used the him big at leasts as an example, something people could relate to. what senator rubio does, exempts olympic winnings. that is a good idea, and certainly is a tax relief we welcome. but the main point is there are lots of americans earning income overseas paying taxes over there in many cases and, also, paying taxes to the i.r.s. so we need to move toward a territorial tax system like the rest o...

security forces of not doing enough while victims were trampled and beaten. the country's military government has declared three days of national mourning. leon panetta announced plans on wednesday to pull all nato combat troops from afghanistan by the end of 2013. that's a full year earlier than previously planned. nato's training and support troops are expected to stay in afghanistan beyond the 2013 pullout date. those are the headlines. from cnn, i'm juanita raj paul. cnn world business today starts right now. hello. welcome to "world business today." i'm nina dos santos in lo...

Closing loopholes for the wealthiest -- >> chris: the president calls for 320 billion dollars in savings from medicare and medicaid. it is all by reducing waste and payments, improper payments. there are no cuts to beneficiaries. no cuts to beneficiaries until 2017 even reelected president obama would already be out of office that's the kind of tough budget cut that the president was talking about? >> a lot of people in dealing with medicare, i believe the ryan plan, had that kind of approach too. >> chris: that's not true. he half a trillion in budget cuts over the next decade. [ talking over...

Closing loopholes for the wealthiest -- >> chris: the president calls for 320 billion dollars in savings from medicare and medicaid. it is all by reducing waste and payments, improper payments. there are no cuts to beneficiaries. no cuts to beneficiaries until 2017 even reelected president obama would already be out of office that's the kind of tough budget cut that the president was talking about? >> a lot of people in dealing with medicare, i believe the ryan plan, had that kind of approach too. >> chris: that's not true. he half a trillion in budget cuts over the next decade. [ talking over...

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 ...