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European picture. that doesn't mean that we could have a greek surprise or a spanish surprise come october and the markets could go crazy and that could total change the outcome of the election. >> well, obviously. and of course we're referring to the front page of the "wall street journal" this morning that talks about how the european debt plan is faltering right now. the rescue plan is faltering. banks in trouble. countries are close to exhausting money injected to ease the crisis. i guess the bigger question is, and george sorros predicted this earlier in the week, the bigger question is w...

We right there in the press si miss or are we on our way back. >> well, the tipping point and when would it come, there's no way to look at it. all you have to do is look at what is going on in europe, look at the fact that the economic stability from having a debt plan in place and know that we are just flirting with disaster by continuing to delay and delay and the reason we're delaying, it's all politics. it's not a single economic reason to not put a plan in place quickly. >> now, even if the supercommittee had been able to come to that proposal by lawmakers, i know you had supported this ...

rules says joe paterno's football players got preference shl treatment because joe paterno demanded. she held the post from 2003 to 2007. in a statement to cnn, she says in part, over several years, there were numerous meetings and discussions about specific impending student discipline cases that involved football players. as a result, my staff and i felt compelled to alter how we handled cases involving penn state football players. the consequence of these accommodations put us in the position of treating football players more favorable than other students. joe paterno's lawyer say...

Does somebody in their 30s or 40s. they are going the wrong way on many issues. that's what makes me think that likely this will move forward into see quester. >> the last reported plan -- we have a graphic set up that gives you a sense of what the composition of what republicans propose as reported to the super committee. it's a pie chart we put together -- no, it's not that. that's projected government spending. that we will talk about in a second. this is a pie chart that i want to show you of the composition of the gop debt plan, and it only contains -- there we go. 99.5% of the plan was s...

[ thunder rumbles ] what is the sign of a good decision? in the world of personal finance, it's massmutual. find strength and stability in a company that's owned by its policyholders. ask your advisor, or visit massmutual.com. >> bret: italy has taken the first step toward addressing the economic crisis. senators approve reform legislation demanded by the european union. prime minister silvio berlusconi could resign as early as saturday. greece's new prime minister assumed the help of the interim government. papathemos will try to secure approval for the latest debt plan. stocks surged in the ...