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We have to compromise. grover may win the argument but america may lose the war if he's right. i believe america can only succeed if we put our collective heads together, compromise and achieve a budgetary settlement that is not satisfactory to anybody but achieves our common goal of balancing a budget. something bill clinton and newt gingrich did in the mid-90s. shannon: are you against closing loop holes? >> i'm in favor of new revenues through economic growth. if you grow the economy at 4% a year, that 4% a year over 2% a year over a decade raises $5 trillion in more revenue. not a tax incr...

The rich how can they appear not to be obstructionist? >> the gop is going to have to compromise. speaker boehner has said that. i think we're just going to hear different word choices. we're going to hear things like closing loop holes and about perhaps maybe changing that from 250,000 to 500,000 as defining wealthy. but republicans want to put this behind them. this congress is up for re-election in 24 months. so they want to get this done as quickly as possible and they will start changing it once they get a deal done they'll say they did tax cuts and they'll leave it to others to try to po...

He says we can raise revenues, taxes on the wealthy by closing loopholes. that's the appreciate thoach tho take. there's a lot at stake here if we go over that fiscal cliff. it sounds so ominous because it is. a half a trillion dollars in extra taxes for american families over the course of just one year alone. add to that the cuts in defense and domestic spending $1 trillion over ten years and the cbo estimates the unemployment rate will shoot up to 9.1%. we could go back into another recession. some democrats are encouraging the president to stick to his guns. john yarmouth is one of those. ...

Supporters and a lot of democrats this morning coming out winging, agreeing that mitt romney came out swing really connected a few blows against president obama. we have a look back. >> yeah, we were all up last night and many calling it a game changer for the presidential election . president obama and mitt romney taking the stage for rown one of the debate series, this one in denver . they tried to appeal to middle class voters likely to decide who will win the states. >> governor romney's proposal he promoted 18 months calls for a five trillion dollar tax cuts on top of two trillion in spen...

but is it true, is hosting the games actually bad business? and deep-fried controversy. chicago the latest city to block chi chick-fil-a from coming to town. >> chick-fil-a's values are not chicago's values. boston, jim henson, and now rahm emanuel joining the list against chick fill a. and now rick santorum is standing by chick-fil-a. "newsroom" begins right now. good morning. thank you so much for joining us this morning. i'm carol costello. we begin with new details from the colorado shooting rampage. some are chilling, some reassuring. for the first time, neighbors of accus...