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Especially since a year before the see questers, the automatic cuts, kick in. those could be reversed in the meantime. so, i think the stakes are lower for the -- for the super committee than some people think, although if they have a total failure, then have you the potential for an adverse market reaction. >> okay. let's shift right now to the gop presidential field. i want to start with that oops heard round the world. has perry effect livety used humor to mitigate his debate flub or did he lose all chance to be president of the united states? >> it's hard to write off somebody who has $15 ...

Legislating away some of the automatic cuss. shep. >> shepard: who could have predicted that. what might a deal look like here, peter? >> republicans say they might agree to eliminating tax loopholes. eliminating some deductions. maybe getting rid of some subsidies in exchange for making the bush tax cuts permanent and for tax reform, shepard. >> shepard: peter barnes live tonight. thank you. sheriff's deputies have reportedly arrested a neighbor from that missing mother from ten sigh. according to the local state gazette newspapers, have not said whether convict connected to the disappearance...

Winds up, lars? >> i think that's where it does wind up. the draconian cuts i agree with you leslie it's a bad idea to simply have the automatic cuts rol roll through. the fact is, though, this economy can't take more tax increases. we need government to cutback. and that is not just being a knee-jerk, it's saying this is the sensible solution. why do you think that herman cain's plan on taxes and perry's flat tax proposal have been so popular? why has the tea party been so popular? the american people are not begging for more government. we've had more government under this president it doesn...

The last day of the session, and i think you'll get a deal. i think it will be a $1.2 trillion deal. >> the automatic? >> no, no, i think there's going to be a deal. it's crazy for there not to be a deal because both parties suffer. if there is no deal and if you go to the automatic cuts, then the public says, well, let's throw all these guys out of office. these guys are incompetent. >> tom, i want to go to the republican deal. so the democratic deal, the most viable of the democratic deals calls for some revenue increases. the republican deal basically says, look, we can't deal with that now...

>> the deadline is 25 day away, but how real is the deadline? remember, the automatic cuts f they don't reach an agreement don't take place until 2013. who believes the 2012 won't allow the election results of 2012 to suddenly impact more decisions down the road. >> speaking of deadline, today really is the last chance for candidates to file for the new hampshire primary. papers must be submitted by close of business today. rick perry will be at the statehouse just after lunch today to submit his papers, but the real story today is gary johnson who isn't doing a great job of convincing us that...