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American jobs act, and a week from monday, i'm be releasing a more ambitious deficit plan, a plan that will not only cover the cost of this jobs bill but stabilize our debt in the long run. >> next up, how does this play with the base? president obama told democrats to basically bite the bullet on medicare and medicaid, and told republicans rich people need to pay their fair share and sacrifice. >> i realize there are some in my party that don't think we should make any changes at all to medicare and medicaid, and i understand their concerns. but here's the truth. millions of americans rely on...

The purpose of the american jobs act is simple. to put more people back to work and more money in the pockets of those that are working. >> everything will be paid for? that means cuts are on the way. we'll get to that in a moment. republicans so far refused to spend a dime to create american jobs. president obama told them how he plans to pay for his $447 billion package. >> here's the other thing i want the american people to know. the american jobs act will not add to the deficit, it will be paid for. and here's how. the agreement we passed in july will cut government spending by about a tr...

congress. members of the house and the senate. they have gathered to hear the president of the united states deliver a major speech on job creation. i'm wolf blitzer in washington. we want to welcome our viewers here in the united states and around the world. i can't overemphasize how important potentially this speech for the president could be, in the only for his political future but much more importantly for the american people because this country right now faces enormous economic problems. the unemployment rate right now in the united states, 9.1%. 14 million americans unemploye...

a terror attack on the country. intelligence owe fushls saying they have credible, specific but unconfirmed information for a threat against potentially new york city and washington. moments ago michael bloomberg spoke to reporters. >> the threat at this moment has not been corroborated. it is cred arable but has not been corroborated. but we live in a world where we must take these threats seriously and we certainly will. the nypd is deploying additional resources around the city and taking other steps to keep our city safe, some of which you may notice and some of which you will no...

i'm wolf blitzer in washington. we want to welcome our viewers here in the united states and around the world. i can't overemphasize how important potentially this speech for the president could be, not only for his political future but much more importantly for the american people because this country right now faces enormous economic problems, the unemployment rate right now in the united states 9.1%, 14 million americans unemployed, millions more underemployed, and millions more who are simply -- have simply given up hope of finding a job. and beyond all of that, there are million...