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assignment. we begin with the stand justify over the debt ceiling. president obama calls for a balanced approach to tackling the deficit. for democrats that means budget cuts and new revenue. republicans say no tax increases in any way, shape or form and they're pushing a plan to amend the constitution to reign in spending. gene spurling is there in d.c. we miss you. >> thank you. >> i was listening intently to the president news conference and after having covered him for a couple of years i noted frustration in his voice. do you think the president has had it with congress? >> no, ...

conventional wisdom in that people still blame president bush for the current state of the economy. so i don't think it's -- while it looks like a great number, republicans ought to be jumping in and saying, oh, wow, the president is really vulnerable. when you look inside the numbers, he is less vulnerable than that would imply. >> let's take a look at some of the notable republicans who have said no just for the month of may for running for the gop election. jeb bush, donald trump, mike huckab huckabee. indiana govern. both present clear contrast to president obama's view of how to...

it was a bombshell. "special report" with chris wallace begins right now. >> i choose freedom all the way around so alaska will progress, i will not seek re-election as governor. [captioning made possible by fox news channel] captioned by the national captioning institute ---www.ncicap.org--- >> this is a special report fox news alert. july 3 is independence day for alaska governor governor sarah palin. she shocked the political world today announcing not only that she won't run for re-election next year, but she won't even finish out this month as governor. correspondent molly henne...