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candidates looked to score of course some last-minute points. they took part in two debates in less than 12 hours. >> the person who should represent our party running against president obama is not someone who called him a remarkable leader and went to be his ambassador in china. >> this nation is divided, david, because of attitudes like that. [ applause ] >> we want someone when the time gets tough, and it will in this election, we want someone who is going to stand up and fight for the conservative principles, not bail out and not run, and not run to the left of ted kennedy. >> c...

political university for the republican white house hopefuls. most of the candidates have iowa on their schedule today with their eyes on the all important caucuses less than three weeks away. that includes newt gingrich, who's iowa campaign director resigned amid reports he called romney's mormon faith a cult. but do voters share that view? and could that be part of the reason why mitt romney isn't xweting even more support? joe johns is joining us with more. he's been taking a closer look at romney's faith. i guess the question is mormon faith holding him back? >> it's a very good ...

We need to cut entitlements. republicans, you need to give at least on revenue for unraveling some of these tax codes and that kind of thing that would pump up revenue. he could have brokered some sort of thing that might have made him look better. >> let me try to get the record straight here. they didn't do it well but two weeks before the deadline the democrats in fact did offer up entitlement reform including means testing for medicare and social security, increasing the age of social security and changing the inflation adjustment for social security. all that was put on the table and was ...

That was a difficult decision for me and my colleagues, but we felt like if both sides were in their respective foxholes without looking for any opportunity to find common ground we would surely fair. in an effort to break the impasse we suggested, look, we are facing the biggest tax increase in history in just 14 months. we have one of the world's most ridiculous and counterproductive tax codes. what if we made this code pro growth and simpler and lower marginal rates and offset the rates in elick nation of loopholes and special interest favors. this is exactly what every bipartisan commissio...

"outfront" tonight, u.s. markets fall big time. it was a miserable day on wall street. the dow down 389 points. nasdaq and s&p 500 fell by more than 3%. the markets' fear gauge sparked it. peter costas, a trader nearly 30 years, what happened today? >> well, there's a lot of uncertainty in europe. i think when the italian treasuries went over 7%, that scared a lot of people. if you're going to look at it, i am not negative on the market, today was a good day to buy, we will probably have a couple move intermittent dips. people are afraid with italy going through the debt crisis greec...