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Provide it with false information. and the republican front runner is taking time off from the trail today. newt gingrich and his wife are signing books at mount vernon, virginia. he heads back to iowa tomorrow. the christmas rush is on, but unfortunately, a lot of holiday spending can end up creating piles of debt in 2012. joining us is financial advisor with some tips to keep us on track. rick, thanks for coming in. >> great to be here. >> shannon: you say there is a strategy. how do you start? >> make a list. do exactly what santa says. if you make a list of everyone you have to buy a g...

his own white house run, and who now plans to host a republican debate, after christmas. then there is ex-candidate herman cain whose endorsement could go to gingrich eventually. though he now says he's going to take his time. stay with us, we'll bring you those comments live at 1:45 eastern time. also, president obama, we are told, is going to have some sort of statement or briefing in the briefing room of the white house. the subject is going to be taxes. a lot of talk of that up on capitol hill. we'll hear what the president has to say this hour. and what does first class me...

The domestic programs. i would rather see it taken from defense. it has to come out of the domestic program. children care and head start. >> greg: is outrage here is we are talking about 2%. they call it cutting the budget. not especially trimming the budget or plucking, this is like plucking one hair off robin williams' back. >> bob: tell me what the $1 $1.3 trillion come comes from? >> greg: ask for jon corzine to help. >> bob: that is $1 billion. >> kimberly: good atosing lots of money. >> eric: remember obama was going to go line-by-line and start cutting. >> bob: there is no way -- >> gr...

The domestic programs. i would rather see it taken from defense. it has to come out of the domestic program. children care and head start. >> greg: is outrage here is we are talking about 2%. they call it cutting the budget. not especially trimming the budget or plucking, this is like plucking one hair off robin williams' back. >> bob: tell me what the $1 $1.3 trillion come comes from? >> greg: ask for jon corzine to help. >> bob: that is $1 billion. >> kimberly: good at losing lots of money. >> eric: remember obama was going to go line-by-line and start cutting. >> bob: there is no way -- >> ...

Phone. >> we are both friendly. we started in this business when we didn't have gray hair. he has a full head of gray hair and i have half a head of gray hair. >> neil: he could join the cabinet tomorrow, and you could be buried in it. good seeing you, charlie. in the meantime the economy struggling, so don't start cutting. that message from the federal reserve chief today. not the message my next guest wants to here, oklahoma senator tom coburn, pushing for $9 billion cuts over the next decade. if you go too crazy on this, particularly now, you might regret it, if you go too far, i'm paraphra...