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official presidential announcement this morning. as house members spend time at home in the district, just what to cut from the budget is front and center and "the washington post" looks at the possibility of defense cuts. the gop opens the door to defense cuts. this is what our topic is. this is -- these are the numbers to call -- ken also find us by e-mail -- let's take a look at "the washington post" story this morning. gop opens the door to defense cuts. our question is whether you think defense cuts should be on the table as a way to cut spending. going on deeper into the story ...

to be dealt with after november. one of the reasons for the commission was the idea that congress is just politically incapable of doing either of these things -- restructuring to raise taxes. the commission is going to very likely recommend either or both. i cannot imagine we will hear any kind of commitment on any of >> the commission report is after the election. that is no accident. i thought he was enthusiastic about getting some big issues taken care of. members do not want to go through the other fights. the democrats think they have a political winner in the regulatory-reform...

months earlier, and the bipartisan reports that preceded that. although most of this is pretty dry policy, i do have some breaking news. there is going to be a new director of national intelligence very soon. donovan mcnabb. [laughter] ago, i am sorry. he is going to be director of the cia. [laughter] maybe that is a misinterpreted piece of intelligence. looking back over the intelligence community's history, going back to key milestones including the stand- up of dni five years ago this very month, we would like to thank the panel for the read-the head that you published this mornin...

is ensuring that there is plenty of spare capacity. çwhether it is natural disastes that have happenedç or conflicç due to civilç strife. ççi played a major roleç in providing that element of security to the petroleum market. we have traditionally kept spare capacity of 1.5 million barrels which is a very expensive capital investment to make and operating costs to maintain. . . barrels that we have absorbed some of our production to adjust to the recession of 2008 and 2009. we are comfortable keeping that cushion. we believe in the long term that capacity will be used an...