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greece passes next year's budget. it is packed with tax increases and spending cuts which are required to secure bailout funds. the budget cuts, the deficit pushes the deficit to 5.24 gdp, down from 9%. ahead of the u.s. 2012 election campaign, u.s. president barack obama says the middle class needs to step up to the plate. he called for more taxes on the wealthy. those are the top stories from cnn, i'm monita rajpal. "world business today" starts right now. hello and welcome to your wednesday edition of "world business today." i'm andrew stevens in hong kong. i'm nina dos sa...

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himself. >> she was first to speak out against herman cain. now she's back live. plus the man who always knows which way the winds are blowing, political or otherwise. what you may not know about america's favorite weatherman. this is "piers morgan tonight." good evening. the gop has really been the elephant in the room of american politics as the party's front-runners play a game of political musical chairs, with perry, michele bachmann, herman cain, now newt gingrich's turn. listen to what he said today after a meeting with donald trump. >> i want -- not yet. he's got to do this ...

second at 18%. another poll out of iowa shows it much closer. let's go to south carolina, as well. south carolina, of course, the first southern state to vote, it goes number three in the calendar and votes on the 23rd of january. this is also, again, showing newt gingrich on top. far ahead of mitt romney. romney at 23%. gingrich 18 points ahead and rick perry at 9%. kyra, i guess newt gingrich to take his national poll numbers and translate it into an operation and make sure he gets the teams in place in theearly states to get the voters to the caulks and primary sites, kyra. >> nan...