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Frame wok agreement that sets out for the committee of jurisdiction how much they need to save. how much money needs to be raised. what we can also do is half a significant down payment. so the markets understand we're serious about this. what we could also do is have a backstop to zo if committee of jurisdiction did not perform there would be a consequence. >> chris: that is the fiscal cliff. cha that is what was supposed to happen here. >> the difference is the fiscal cliff was designed not happen. sequester across-the-board cut, $1.2 trillion defense, nondefense, designed to be so onerous n...

Ever. you guys get used to debates because you see them all the time. campaigns drag on for months if not years. this debate happens for the first time two weeks ago and blows apart british politics. the second debate last night wasn't quite as dramatic as the first debate. clegg was not the outright winner but held his own. >> i was struck visually, he's in the middle trying to run a centrist and visually he wins. >> they do the positioning on stage by ballot. he got lucky. >> yes, did he. >> here's the point. he held his own. david cameron upped his game as you indicated but the real winner ...