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gloria borger is with us, cnn's chief political analyst. >> both john king and have i been talking to sources as well as peter hanby. none of our sources are steering us away from paul ryan. some of us are steering us towards paul ryan. in fact a few of them are. i think what this shows us, a paul ryan pick is a calculation that mitt romney is going to a different generation, and that he intends to make the fiscal future of the country and the budget issue a real centerpiece of the campaign. i think what is interesting to me, you were talking to john a few minutes ago about joe biden...

glor ya, tell us what your sources are saying? >> both john king and i have been talking to sources as well as peter hamby. none of our sources are steering us away from paul ryan. some of them are steering us towards paul ryan. in fact, a few of them are. and i think this shows us a calculation that mitt romney is tending to make the fiscal future of the country and the budget issue a real center piece of the campaign. i think what's interesting to me, you were talking to john a few minutes ago about joe biden and how joe biden would have a debate with paul ryan. it's interesting be...

Better. >> how did the cut in taxes lead to layman brothers? >> cut in taxes. >> bush tax cuts, and how did they give us lehman brothers? >> they gave you a huge deficit, charles. it gives you a huge deficit. everybody says it's a deficit issue. >> chris: we are running out of time. >> if the articlement is about what happened in the last administration, president loses. argument for president needs to be the next four years and he needs to win the argument. the channel for romney comes in the fall when he talks about the entitlement reform and tax reform on the record proposing thing things t...

outfront tonight, two heroes on the prowl. ♪ i need a hero ♪ i'm holding out for a hero until the end of the night ♪ ♪ he's gotta be strong and he's gotta be fast ♪ >> yes, bonnie tyler, holding out for a hero. and yes, we think we found them. first stop, senate majority leader harry reid. today in an interview with "politico" he said the $1.2 trillion in automatic spending cuts set to begin on january 2nd should go ahead as is. come hell or high water. i am not going to back off the sequestration. that's the law we passed. we did it because it wouldn't make things easy for...

outfront tonight, two heroes on the prowl. ♪ i need a hero ♪ he's gotta be strong and he's gotta be fast ♪ >> yes, bonnie tyler, holding out for a hero. and yes, we think we found them. first stop, senate majority leader harry reid. today in an interview with "politico" he said the $1.2 trillion in automatic spending cuts set to begin on january 2nd should go as is. i am not going to back off the sequestration. that's the law we passed. we did it because it wouldn't make things easy for us. it made it so we would have to do something. of course we're in this position because de...