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>> greta: once again, senator john mccabe. sequestration, deeply troubling -- at least to me -- when was budget deal was cut, there was a super committee created. they didn't come up with a deal in november of last year, so automatically go to sequestration. nobody's done anything about it. members of congress and the president have not been handcuffed where they couldn't do anything about it. now we are in a draconian situation. >> that's the best short description that i have heard. what we're facing is draconian measures that will cut defense spending by half a trillion dollars on top of $4...

>> greta: once again, senator john mccabe. sequestration, deeply troubling -- at least to me -- when was budget deal was cut, there was a super committee created. they didn't come up with a deal in november of last year, so automatically go to sequestration. nobody's done anything about it. members of congress and the president have not been handcuffed where they couldn't do anything about it. now we are in a draconian situation. >> that's the best short description that i have heard. what we're facing is draconian measures that will cut defense spending by half a trillion dollars on top of $4...

right for america to stand with you. >> mitt romney trailing in polls when they are asked which candidate would handle foreign policy better. it's a critical time for him to recover from what some say were big gaffes made in britain. michelle is the co-chair of the obama campaign's national security committee and former defense secretary under president obama and in the situation room during the osama bin laden raid. nice to see you. thank you for talking us with this morning. do you see a big difference between mitt romney's foreign policy stance when it comes to iran and president ...

And now they say k-mart and sears are shutting their doors. >>guest: i think there is a sears and k-mart problem, that is what we are seeing, down 5.2 percent year offer year, the same stores that is the industry metric sears blaming the fact they had trouble selling electronics but the stores are out of date, old fashioned; not spending enough money to keep them up to snuff. so they spend in other places and over all sales could be up 3.8 percent and we are spending $460 billion over the holiday. that is not nothing. and i think a lot of analysts think that is a good showing. >>trace: what do...

My son will grow into it. they are $80. if you buy adult ones, they are considerably more. what this is is if you look beyond the one product, things are looks, according to retailers, better than certainly last year. they are expecting $460 billion in sales. and there is this extra day of shopping because christmas is on sunday. so this is not just super saturday. it's super, super saturday. >> kerry sanders, thank you. people traveling is up 1.5% from last year. air travel is down a bit about 10%. some 84 million americans will be traveling by car this holiday, despite the gas prices,