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Record-breaking pace. well, the president says he's going to sign an executive order that you'll see right here live on cnn setting up a bipartisan commission called the national commission on fiscal responsibility and reform. as soon as he steps up to the mic, we'll take it live. one was a financial crisis brought on by reckless speculation that threatened to choke off all lending. this helped to spark the deepest recession since the great depression from which we're still recovering. that recession in turn helped to aggravate an already severe fiscal crisis brought on by years of bad habit...

Brings up the question of the debt. and the deficit, as well. because, you are talking about a tremendous amount of spending, exactly what the president is about to talk about, we got the two minute warning, just shy of that and thanks for being with us and we'll send it over to president obama at the white house. >> president barack obama:... challenges. one was a financial crisis brought on by reckless speculation that threatened to choke off all lending and it helped to spark the deepest recession since the great depression from which we are still recovering. that recession helped to aggrav...

We want to take you right now live to, the president in the diplomatic reception room. >> america faces three closely linked challenges. one was a financial crisis brought on by reckless speculation that threatened to choke off all spending. this helped to spark the deepest recessions as the great ze presentation from which we're still recovering and aggravated a severe fiscal crisis brought on by years of bad habits in washington. the sxhik crisis required the government to make immediate, emergency investments that added to our accumulated debt. critical investments that had helped to break ...