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washington while bankruptcy burns across the nation. san bernardino, california, is the latest american town unable to pay its bills. the math $46 million in debt. they've made drastic cuts in employees and services. and the city according to the los angeles times has only $150,000 in the bank. that's it. residents are coming unhinged saying, why wasn't this calamity headed off at the pass? >> what about two years ago when they took $10 million from the employees? what were they doing then? now the city is forced basically to file bankruptcy because they have this tremendous amount o...

transparency tornado. president obama's team is ripping into mitt romney for what they call an appalling lack of transparency. they say he's hiding things about his past, his businesses, his finances, and they're hitting hard with a new web video on a tax frattacks from t vice president himself. >> he wants you to show your papers, but he won't show us his. >> democrats have been demanding more financial disclosure from romney for weeks, and suggesting that he's got secrets he's keeping from voters. listen. >> this is the most secretive candidate since richard nixon. >> mitt romney p...

wolf blitzer, let me start with you. this is something that a lot of critics have said is a subject changer because we had real bad jobs news on friday and that just -- it riveted people throughout the weekend. is this an effort to change the narrative? >> it may be, in part, because the white house clearly believes this is a winning political issue for the president. he is going to make the point that for 98% of the american people, there will be no increase in their taxes. individuals making $200,000 or less a year. families making $250,000 or less, they will see no increase whatso...

health care costs continue to climb. no other nation spends more than 12% of its economy on health care. america spends 17%. what is more, we really don't benefit from the huge price tag. our healthy life expectancy ranked only 29th in the world behind slovenia. our infant mortality rate ranks 30th and it's more than twice that of sweden and japan. so what is our problem? in this hour and "time" magazine essay, we will take you around the world to study health care systems it other countries to find out what lessons we can learn from others. we will visit great britain and taiwan and...

not the best of weeks for the romney campaign. it was already under fire from friendly sources as not ready for primetime when a senior adviser said that obama care is fine for when buying insurance is a penalty, not a tax. a big oops in the political world because the republicans have used the supreme court decision to say it is a tax. reset. >> the supreme court said it is a tax, didn't they. so it's a tax, of course. >> too late for the conservative "wall street journal" who blistered the romney campaign for looking confused and politically dumb. mr. romney, it read, promised repu...