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>> now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. that's when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social security. now, this plan is not to be confused with something you heard about yet, cut, cap and balance. ...

Headed before the opening bell today. and flip-flop already? or just a communications mix-up. we'll get to the bottom of newt announcing for president thursday debacle. chuck has the back story. good morning. wednesday, march 2nd, 2011. i'm savannah guthrie. >> i'm chuck todd. amazing what making sure you have two sources do and can keep you out of trouble. we'll get more into that. all of that plus does michael huckabee think president obama grew up in kenya and will the beloved "the daily rundown" moth pad get a tablet today. let's get to the rundown. moammar gadhafi is vowing to fight to ...

Without it, you have to go all the way around egypt. last week, protests pushed the price of oil higher on u.s. stock markets, and oil markets. we're just minutes away from that opening bell and the big question is how is this going to affect stock prices, stock futures for gas as well, an our own prices at the gas pump pump, of course. stuart varney joins me from the fox business network. stuart, you think the alarm in this regard may be overstated at this point. >> no. as of right now i can report the frantic market activity we saw friday has quieted down substantially. as of right now, the ...

Reporters. >> shepard: james rosen, capitol hill tonight. thank you. general motors is once again a publicly traded company. executives there rang the opening bell today and the cea showed off a chevy can a mario in front of the new york stock exchange as shares of the largest american automaker went public. this happened a year after the company reorganized under bankruptcy protection in a process in which lyle long eye time shareholders saw their stock worth nothing. before trading again the company raised the initial price and increased the number of shares it was offering due to high inves...

On wall street, the opening bell, moments away if it hasn't already happened. the stocks kicked off august, a huge rally. the dow surged more than 200 points yesterday there is that bell. slight pullback is expected in today's open though. consumer spending, of course, a concern today. disappointing earnings from procter & gamble that's because of that products giant also -- lowered estimates for the full year. investors also worried about personal income and spending, which were flat in june. so we are going to be watching the bell today, down on the new york stock exchange. we will get to th...