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he ll lay it out thursday night to congress and the nation. democratic sources telling us tonight it calls for about $300 billion in tax breaks, incentives and other spending offset by equal amount of budget cuts. it s being described as a make or break moment for the president. we ll discuss it along with mitt romney s competing plan which he unveiled today. first jessica yellin. reporter: democratic sources in discussions with the white house confirm that $300 billion figure has been the working figure for the jobs package for at least a week now. it would mean as you say 300 billion in both spending and then cuts. the white house has said that this will be a revenue-neutral package. so that would mean that in addition to outlining the new spending, the president will also outline some cuts on thursday in his speech. but he would then put out a more detailed package later explaining more of those cuts when he makes his proposal to the deficit super committee. and i ....
brooke, thanks very much. happening now, riveting new details, the rough draft about president obama s jobs speech. what we re learning about the plan he unveiled tomorrow night and whether he has new ideas that will sound either bold or timid. also, rick perry s first test on the presidential debate stage. he got a late ride into this race, but he s moving very quickly right now at the start of his presidential campaign. tonight, he has something, of course, to prove. plus, one of america s biggest malls prepares to be the target potentially of a terror attack. it s a valuable lesson in being ready for the worst ten years after 9/11. and get this, it costs next to nothing. i m wolf blitzer, you re in the situation room. this is cnn breaking news. we ll get to that in a moment. but we re just learning here at cnn that the former united states ambassador to the united nations bill richardson was scheduled to land just a little while ago in havana, cuba on a ....
incentives and other spending offset by equal amount of budget cuts. it s being described as a make or break moment for the president. we ll discuss it along with mitt romney s competing plan which he unveiled today. first jessica yellin. reporter: democratic sources in discussions with the white house confirm that $300 billion figure has been the working figure for the jobs package for at least a week now. it would mean as you say 300 billion in both spending and then cuts. the white house has said that this will be a revenue-neutral package. so that would mean that in addition to outlining the new spending, the president will also outline some cuts on thursday in his speech. but he would then put out a more detailed package later explaining more of those cuts when he makes his proposal to the deficit super committee. and i should point out these numbers could change between now and thursday, anderson. just so i m clear, is that $300 billion in new spending and the ....