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He's trying to show money. i can't imagine president obama or any official doing that for security reasons. but i'm told the prime minister did that to show he's trying to save some money. gives you an idea of the difference between the two nations. >> that's interesting. you could see from the body language -- it was kind of like watching the stakeout by the two of us, they were calling each other by their first names. barack obama has more in common with david cameron's predecessor politically. david cameron is conservative. this austerity plan -- you wouldn't know this because you were on s...

A little by saying after the prime minister said, i'm not going to have a british government inquiry even though there's international pressure to do that, the president sort of backed away and said, i'm going to leave it to him. i trust that the prime minister releasing some of these documents will be enough and did not force his hand on a british inquiry of what has become a big international controversy. the final thing i'll note as well on that is on budget deficits when president obama was pressed on that. there's a real sharp difference there that these two leaders didn't really want to ...

Sheikh osama bin laden he would win hands down. >> plus some thoughts from me on the incredible shrinking royal navy. and we can't visit london without showing you some soccer, i mean football fans. all coming up on "gps." the british budget, unveiled three weeks ago, has become the talk of the world. it has become a central part of the debate everywhere, including in the united states, with one side saying that the government must spend more money, not less, to avoid a second recession. the other side says deficits need to be cut now to restore confidence, or we will become greece. my guest...

Osborne's austerity plan has been described by some observers as the bloodbath budget. it includes $25 billion in cuts to, among other programs, child tax credits and public housing subsidies. but other programs are cut as well. the middle class and the rich are not spared. the budget contains a hike in the capital gains tax along with a jump in the value added tax. all of this has brought a torrent of criticism on the head of the youngest chancellor of the exchequer since 1886. the 39-year-old george osborne is an upper-class briton, private school and oxford educated, very much in the mold o...

It's trying to figure out how to nail down a $146 billion bailout and that austerity plan incredibly unpopular as people are facing dramatic tax hikes, benefits cuts, and the world worried that europe's problems are our problems. >> that's where this becomes an issue for us. we are going to spend time breaking down what is happening in greece and why it should concern us. here is the issue. if this issue in greece, which by the way, there are issues in portugal, spain, italy, ireland, if these things start to become bigger, remember these countries are all joined with a common currency and tha...