senator alan simpson. and still ahead more with our gas and during loose change we'll tell you how one city in the u.k. sand scrawled this or taken a job in our own currency but first our closing market numbers. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you. are welcome is a big issue. in . the few hours. earlier. backing up to simpson bowles in two thousand and ten and reading that report today it's interesting because back when it was written there was an urgency in the report about addressing the debt it kicks off saying in some of the early parts of the report that the era of debt denial is over or that a fiscal crisis looms that interest on the debt could dramatically increase as interest rates rise and investors could lose confidence that our nation is able to or willing to repay its loans possibly triggering a debt crisis so these are all the concerns and i c

hence, the name, simpson-bowles.ything, everything on the table and the result was a truly bipartisan plan to reduce america's debt by $4 trillion over ten years through spending cuts and tax reform. now you can see that green line is sort of where our debt is going over the next decades to come. and if the commission's proposals are followed, that is the blue line. that's what would have happened. under the six-step plan, federal workers would have been subject to a three-year pay freeze and the commission would also reduce the oversaul size of the government workforce through attrition. the comprehensive tax plan involved would lower personal income and corporate tax rates while broadening the base of people who pay taxes. capital gains and dividends would be taxed as ordinary income. now back door government spending for certain industries would also be removed. things like the government subsidies for the ethanol industry. a portion of the money raised there would go directly to paying down long-term debt. now as

senator alan simpson. and still ahead more with our guests and during loose change we'll tell you how one city in the u.k. sans square all this or take a job our own currency but first our closing market numbers. sigrid laboratory to mccurry was able to build a new its most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans in the world this is why you should care only. like millions of americans i've lost thousands of dollars in retirement funds and i haven't had as bad as many it's not just about them it's about me to. me man. ya gotta share. it see. to say i. need it. now. since this is my fill i get the last word this financial crisis will not be turned off like a light switch. just told the kids. hit. the floor. pick. are gifts. are gifts. backing up to simpson bowles in two thousand and ten and reading that report today it's interesting because back when it was written there was an urgency in the report about

this week the two men who tried to tackle the fiscal crisis last year, simpson-bowles plan is back in the decision 2012 spotlight now. welcome both. it's like going to the mall with justin bieber hanging out with the two of you. but senator, there's something to that, you go around the country and talk in great detail about what you proposed. what is the reaction you get? >> people are thirsting for somebody not to give them bs and mush and erskine and i gave them numbers. we don't have power point or charts, we just tell you where your country is. the trajectory of debt and deficit and interest is as same as portugal, iraq, iran -- greece. >> poland is still in -- i won't go -- but it's sad and we take questions. we don't filter the questions. they can ask anything they want. they can be from aarp, seniors, teachers and they'll give us a standing ovation, thirsting for somebody to tell them the truth where their country is going. >> republican and democrat do that who really care about each other. >> you don't think we're getting that in this debate in this campaign season? >> i don'

co-chair of the simpson-bowles commission. question i asked is if paul ryan's comments upset him. >> well, nothing much upsets me at this stage in life. i've seen it all. we went to ryan afterwards and camp. i said to them, look, did you vote against this because you were scared to death of grover and norquist that he would beat you over the head with a club while he is wandering the nerea in their white robe? he said no. he said we voted against it because if you get rid of employer health care premiums, the employers are going to be stunned and look around and say what do we do now and they're going to bloat obama care further. they're going to take their people into the new health care plan. that was their response. that's good enough for me. he can explain himself. he had his reasons. look at durbin, gutsy guy. i mean durbin is the assistant leader. think what harry reid must have tried to do to him. good god, you're messing with precious medicare. >> we need that leadership. we need guts. >> sure. >> simpson-bowles is a t

jessica simpson, cramming.s our special guest host. >> live and in hd, this is an abc 7 news update. >> good morning. it is 7:56. i am cynne simpson. the two convicted in south capitol street shootings will be sentenced today. they all face up to life in prison. in mayere found guilty charges. and other investigators looking for the tased teenage girl can.e she shot her with a and stole her cell phone. 8 has a report theng up at the top of hour. the roetz with steve. >> we will start with a look at the beltway, river road. very heavy. e planted on are car. bridge.he legion big delays across the bridge spring to bethesda. we will head east of town route 50 in the count. two lanes.ocks very slow outside and inside the you head to new york avenue.kenilworth week -- most of the way in from 495 and 95. >> on the chilly side. 57 in the district. 50 in dallas. 46 in gaithersburg. 40s still out there. high temperature between 78 and degrees. a very late getting warmer the next couple days. >> thank you. we are back at

plus, jessica simpson. plus, jessica simpson. >>> good morning i'm kristen sze.n jose this morning. fire crews got the call before 3 a.m. they called for help 10 minutes later because they had to perform rescues. right now the fire is out, two people were injured a dozen displaced. >> let's see how your commute is going. >>> slow 280 north san jose accident at bird in lane 3, in the cupertino area. slow north 880 because of earlier stall big rig at fifth jammed from fremont towards oakland and problem westbound dumbarton bridge accident lane 2 slow towards menlo park. i like to score my designer shoes and handbags early. so i shop at t.j.'s. i get my favorite brands without having to wait for them to go on sale someplace else. done! fashion direct from designers. savings direct to you. t.j.maxx. >>> welcome back. everybody in the 50s now a lot of sun except the coast more stubborn today than yesterday low to mid 60s, 68 san francisco thrower to upper 70s throughout the bay and 80s, a few 90s east bay valleys. tonight 50s most areas a few 40s up north with a patch

jessica simpson, cramming.s our special guest host. >>> good tuesday morning thanks for joying us. today -- joining us. today on september 11th a special memorial. the build will go cast a shadow moving across the 9/11 and hit inscriptions indicating what happened on september 11th and at what time. the memorial honors the marylanders 69 of them who died in the attacks. there's also an exhibit at the top of baltimore's world trade center building that list the names and pictures of the victim's from -- victims from maryland who died. time for a check on the weather. lynette charles let's find out what's expected for today. >> it's another beautiful one. see behind me in towson. blue skies out there. and that's going to continue. not only for today but the forecast holds plenty of sunshine in the forecast. with towson sea temperature, 49 degrees right now and that dew point is nice and dry. and as we look at what's happening going through the hour by hour, crisp and cool and we will be seeing plenty of sunshine

simpson murder trial now identifies simpson as the killer in an interview with the "new york post." kato kaelin testified that he heard three thumps from his guest house the night nicole broken simpson and ron goldman were murdered. simpson was acquitted in the criminal trial. kaelin gave more detailed testimony in the civil trial. he is no longer fearing possible perjury charge says i can now say yes he did it. he said he was too scared to give testimony that would have helped prosecutors in the criminal trial. >>> major announcement about the war in afghanistan. next, what is behind a decision to withdraw thousands of troops from the region? >>> why tons and tons of sand being moved from one side of san francisco's ocean to the other.)&o;y >>> health benefits of tea. the results of new research that may have you drinking more. 3q finally carpet cleaning got easier. try resolve easy clean to deep clean your carpets. just 3 easy steps for beautifully clean carpets. it removes 3 times more dirt than vacuuming alone. don't just vacuum clean. resolve clean. work, errands, a greasy bag

that produces a run for the united states as watson and simpson have squared it up. bradley and mickelson who went yesterday against lee westwood and luke donald. this was phil mickelson at the opening hole, par 4 433 yard hole. mickelson stiffs it. that set up a u.s. win there at the first, but a birdie to have it. could have had it as donald had a chance at it as westwood hit a nice approach there, but it was a 1-up lead for bradley and mickelson, then bradley and westwood, 381 yards, the water. and keegan bradley, phil mickelson won the first two holes over donald and westwood to grab the 2-up lead. match three, jason dufner and zach johnson. co then the fourth and final match set to go off in just a few moments. jim furyk and brandt snedeker. this was the match from yesterday, the number one player in the world, rory mcilroy and graeme mcdowell. gary? >> gary: keegan bradley has a chance for a birdie to win the hole and he and mickelson a 3-up lead a three. good effort, but the hole will be halved with pars. they will remain 2-up. we'll go to the first tee. >> yo

again we turn to simpson and bowles. >> i think that's a pretty easy answer.ç let me just kind of frame it first. what our commission recommended is that we have $4 trillion of deficit reduction. and we didn't make that $4 trillion number up just because the number four bus passed us on the street. $4 trillion is not the maximum amount we need to reduce the deficit. it's not the ideal. it's the minimum amount you need to reduce the deficit to stabilize the size of the debt and get it on a downward path as a percent of g.d.p. and we got a majority of republicans on our commission, a majority of democrats on the commission to vote for it. and several people ask us, well, gosh, if we take these steps now, then we do run the risk of accelerating this downward turn in the economy. that's why we made our number one principle we wouldn't do anything to disrupt a very fragile economic recovery. so we delayed the early actions that would cause these cuts to take place and skewed them out into the out years. what people want to see is a plan so we actually do get to ba

simpson in a knit cap from two blocks away is still o.j. simpson.se it's no disguise it makes no sense. it doesn't fit. if it doesn't fit, you must acquit. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history heart or blood v

and simpson bowles was. >> i disagree, my friend.f you get more of those people saying, i'm not going to have to pay a lot. and 8 out of 10 americans are for all americans putting some skin in the game. so, don't think you've got to-- >> and we're probably as well, but you don't have to get on your liberal high horse about that, but i'm saying the fact of the matter is it's out of control, that's all i'm saying, out of control. we're going to take a break and when we come back, it used to be that. >> i love that idea of watching someone become an activist, so many of the issues that are important to me, like want to get to my knees and thank them. >> anyway, even the star of the latest fox movie "won't back down", well, we'll be covering the upcoming presidential debates, and the president and vice-president, and this wednesday, colorado, hollywood stars are all over it and why not i'm covering it. continues on fox business network, and each night, 8 p.m. eastern time right through midnight, so. get fired up. >> you go crazy with you

. >> angela simpson is one of the four women assigned to atom 100. >> simpson, i think, is very scary individual. she's probably the only one in there that i take every precaution in the world to make sure my staff and myself are safe. >> i heard they said i was possessed by the devil. that's hilarious. isn't that beautiful? i told my kids when they were babies they saw a guy [ bleep ] behind a circle k. i told them that's how cops grow. so, yeah. i didn't know they would next week go [ bleep ] in the alley and try to grow a cop. that was not my intention. >> she seems to have a true gang type mentality. snitches get stitches and ditches. she'll stare you down and the hair on the back of your neck standing up. >> i've asked god a lot to spontaneously combust officers. >> where does that come from, your hatred of cops? >> that's not something i'll discuss. >> but simpson regularly illustrates her hatred of law enforcement officers through her drawings. >> here's one for my brother. i've got to send that to him. it's from the pigs in a blanket series. don't you love the pigs in a blanke

he disavoided simpson-bowles and offered no alternate. we took what we liked in simpson-bowles and added more reforms. i didn't support simpson-bowles is because it didn't address the primary driver of our debt which is health care programs. health carry entitlements going bankrupt. i don't want to pass a bill to fix the fiscal crisis when i know it doesn't fits the fiscal crisis. that is why we took the good ideas and combined with necessary reforms that prevented that crisis. that is what mitt romney and i propose. we need three things: pro growth economic policies. that is what regulation and energy policy is about. spending cuts. we prepared lots different spending cuts. also, critical entitlement reforms that are market based that give people more control over their lives. it doesn't make changes for people in or near retirement but reforms programs if my generation so they are this for my generation when we retire. that is how you get ahead of the problem and prevent european-like austerity. >>neil: a lot of this reminds me of europ

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i mean, he said he was looking at the principles of bowles/simpson and simpson/bowles that those principlesncluded pro growth tax reform across the board, getting rid of the deduction. he opposes that. he wants to raise taxes on the well to do. he demagogued on the middle class tax cut as did mr. biden. he sort of said, you know, government is not always the problem. you know what, government in my opinion is frequently the problem. government gets in the way of commerce, government gets in the way of investment, government gets in the way of success and the rate of return. he's a man of government. i didn't see anything different today. he's still a man of government and republicans who oppose that, they're going to hurt the poor, the elderly, the disabled, and they're going to have dirty air. i just don't agree with him, i'm sorry, i'm not in his camp. >> you know, john harwood, it seemed like the only big applause lines that he had this evening were when he said, surplus, try a tax cut, deficit too high, try another, feel a cold coming on, take two tax cuts, roll back regulation and call

crazy of the media when people talk about the simpson bowles commission recommendation there were no commission recommendations can you that was part of that a little bit there were co-chairs this was a commission that was set up by president obama and if we had was it was actually eighteen i mean if they if they were but if they had received those kind of supermajority their proposal would have gone to congress what they proposed for social security was the overall budget deficit and of course we argued social security shouldn't be part of that because it doesn't add to the doubt but they they would have decimated social security and that's not hyperbolic to say that they really would have destroyed. over a number of you knows that is one of the reasons why jan schakowsky just basically she refused to vote for it the president and other leading democrats have very obliquely talked about praised the bowles simpson proposal after after the the whole larger suggestions imploded mr simpson mr bowles ok here's our unofficial suggestion that was that was that identical to the original pro

shot in july, simpson is seen only from the neck up. both entertainment and business experts are wondering who was so uncomfortable with showing simpson's body and why not just shoot the commercial later. >>> finally, in casting cosmetics, do you buy comedian bill murray playing franklin roosevelt? "hyde park on hudson" premiers later this year, but after its recent festival debut, murray has earned excellent debuts. i'm having a hard time picturing bill murray as fdr. >> i am, too, but i feel he can pull it off. >> it's not an obvious casting. >> you wouldn't expect that, no. if someone said cast fdr, go, i'm not sure who i'd pick. >> i don't think his name would be in the top ten. >> maybe can he fix social security after the role, with what to do. >> we need lots to help through that. >>> this comes to us from wthr in indianapolis, indiana, there was a one-man tribute to the victims of september 11th. every year since 9/11 jimmy has stood along a highway overpass waiving a giant american flag. he takes a day off from work to keep the

simpson-bowles, bowles-simpson.he commission put together by president obama to find a solution to the country's fiscal problems containing a mix of spending cuts and tax increases designed to reduce the budget deficit to 2.2% of gdp. everyone praised it and then everyone ran away from it. two congressmen stepped up and introduced a plan in the house. >> this is the only bipartisan way to solve the nation's problems. this is the only budget that has a chance of getting through both the house and the senate. >> we have been viciously attacked from the left and the right and when you know you have a good deal is when the left and the right are pounding the snot out of you. >> well, their efforts got them a total of 38 votes including themselves. joining me now are the two congressman who introduced the simpson-bowles based budget. j 38 votes. 38 votes. congressman cooper, how frustrating was that moment? i remember when you introduced it. i thought for sure there would be 80. i think we knew it wouldn't pass. what hap

how about asking the man who commissioned simpson-bowles how he feels about simpson-bowles? and, you know, he won't answer the question. but he puts out a nice two-minute ad that says he's going to reduce the debt by $4 trillion but never tells us how. he's going to create a million manufacturing jobs but never tells us how. the fact of the matter is, david, when i hear you talk about mitt romney, i think you're talking about president obama. >> i want to end with this. as you know, political reviews are tough things sometimes, and there was a tough review for you as the keynoter at the republican convention. this was from politico, john harris and tim mack in reviewing your speech. the headline, christie delivers a primetime dud. they write, there's no mistaking what a successful keynote speech for chris christie would have looked and sounded like. there would have been an electric reaction from the crowd in the convention hall. it would have been followed by waves of effusive media commentary about how people had just heard the future of the republican party. there is no m

it was president barack obama chuck brown d c disk johnny -- disk jockey donnie simpson -- donnie simpson, and actor bill cosby. not exactly a d.c. icon but -- >> we decided who would go on the wall. it was our wall. >> she said cosby has been a customer since 1959. customers continue to buy that chili dogs. in the alley, the family of chuck brown came to enjoy his image. >> it was shocking for him to have to go away so early. >> what do you think of the mural? >> beautiful. you got to get the gold teeth. >> donnie simpson said he liked it. >> in the alley. i'm hanging in the alley with the president. >> no one was having more fun today than the artist. >> i just started using spray paint. it's a new experience. >> it the latest in this city's mural d.c. program, but there are others all over town. >> city funded it graffiti artists have decorated the town with street art. it was the idea to cut down on graffiti from the kids. whether it worked, it's a big hit today. >> a good idea. get all of the artist out and give us something great to look at. >> all of the sudden it's art. >> it real

simpson-bowles is a balanced approach. in the ryan plan, they just cut $4 trillion and want to give a $5 trillion tax cut to the upper income. >> you also have no partner. we can't balance the budget with no revenue. and both mitt romney and his running mate have said they will offer zero revenue. >> ifill: let me ask you this, mayor reed and mayor parker. this is a convention where everyone is talk about an election. everyone is talking about battleground state. your state is not one. your state is not one. your state is not one. how do you know your priorities are even being heard in an election like this, mayor parker? >> again, cities are functioning very well at a very high level. people continue to move to cities. cities are where you go to find a job, to find an education and build your own future. cities are thriving with or without help from the government. we just need-- actually in large instoonsz to stay out of the way. one of the things you see mayors united on is we'd like to see direct funding to major u.s.

simpson struggling into those blood-soaked gloves. jury wasn't convinced. now, 17 years later, christopher darden same prosecutor who told o.j. simpson to put on those gloves is accusing the defense of evidence tampering. darden claims that attorney johnnie cochran tore the lining so simpson's fingers would stuck. another member of simpson's legal dream team is firing back. >> 17 years later, he makes a serious allegation against the dead lawyer, there should be a full and complete investigation. if he's lying, he should be disbarred. >> darden couldn't reached for comment. no harm was done. >> when you lose was built as a slam-dunk, it became the most publicized case in modern-day history, it does cause a little pain. frankly has the right to give his thoughts whether it's speculation or not. >> reporter: the question is now whether darden can prove his theory or not? >> and our thanks to clayton. >>> time now for a check of the weather and back over to ginger. >>> the tropics are just full of fun, i say fun, there's no threat to land, at least the u.s. ri

simpson bowles was a missed opportunity. we're now looking at a fiscal cliff that could result in another downgrade of our credit and that's a big problem for the economy. chris: the president seems to be -- everybody think he is wants to have done that. he wants to have agreed to simpson bowles but find a way of kissing it without marrying it. he wants to say i'd like to do it, i just can't do it because the republicans won't join me. if they won't join me, i'll be hung out there. will there be any movement with by the president toward a simpson-bowles compromise? will he take the lead to try to do that or let it hang out there for a while. >> not before election day. he thinks he'll get a simpson bowles like deal after winning re-election where he thinks he'll face a chastened republican party having lost the house and the senate. chris: the president believe he is can beat what he thinks is a right-leaning party this november. what he considers the grownup the jeb bushes and other moderate republican conservatives will co

simpson. abc's clayton sandell has the details. >> if it doesn't fit, you must acquit. >> it was the defining moment in the criminal trial of the century. >> he would have killed. he could have killed. and did killed these two people. >> reporter: accused murderer, o.j. simpson, struggling into those blood-soaked gloves. prosecutors argued he wore them during the brutal slaying of his es wife, nicole brown simpson and her friend ron goldman. the jury wasn't convinced. >> not guilty of the crime of murder. >> reporter: now 17 years later, christopher darden, the same prosecutor who told simpson to put on those gloves is accusing the defense of evidence tampering. >> the defense manipulated that glove -- darden claims that attorney johnnie cochran tore the lining so simpson's fingers would stuck. cochran died in 2005 but this morning, another member of simpson's legal dream team is firing back. >> if he had the complaint, he should have said it in front of the judge. 17 years later, he makes a s

simpson struggling into those blood-soaked gloves.cutors argued he wore them during the brutal 1994 slayings of his ex-wife nicole brown simpson and her friend ron goldman. the jury wasn't convinced. now, 17 years later, christopher darden, the same prosecutor who told simpson to put on the glovesing, is acushion the defense of evidence tampering. >> he put on the glove so it did not appear that it looked to fit. >> reporter: christopher darden claims attorney johnny con rack tore the lining so his fingers would get stuck. cochran died in 2005, but another member of simpson's legal dream team is firing back. >> if he had a complaint, he should have made it in front of the judge, you know, 17 years later, he makes a serious allegation against a dead lawyer. there ought to be a full investigation, and if he's lying, which i am convinced he is, he should be disbarred. >> reporter: darden could not be reached for comment, but some legal experts believe no harm was done. >> when you lose what was billed as a slam-dunk case, became the most

>>> next up, jessica simpson's weight watchers reveal. will this new high-profile attention translate into heftier profits for investors? stock's almost 10% this month. no need to wait. we are back after this short break. >>> i'm bill griffeth, the top of the hour, all over today's rally in the stock market, follow it the last hour, see if it can be sustained. these four huge interviews you cannot afford to miss, house majority leader eric cantor, house minority whip steny hower at a talk about the threat of a downgrade. bob benmoshe is back with us to talk about the insurance giant now that the government is no longer a majority shareholder of aig. you saw mandy's interview with new york city mayor rudy giuliani, former mayor, he will be here at the new york stock exchange, ringing the closing bell, we will get him to reflect back on the closing bell. first, back to you guys on street signs. see you at the top of the hour. brian? >> thank you very much. >>> earlier, we were talking about america's growth. well, another big part of that s

. >> simpson-bowles... the only numbers in simpson-bowles that are clear apart from the page numbers are that it wants to take 18.5% of g.d.p., present rate of full employment tax up to 21%. that over the next ten years is a $5 trillion tax increase. $5 trillion tax increase. the spending restraint in simpson-bowles is wren in haiku. it's not terribly clear. >> rose: but it was clear enough for some republicans to support. and the objection of congressman ryan supporting it was limited. >> congressman ryan... >> rose: he supported a lot of it. >> oh, i support all of the conversation about the spending cuts in simpson-bowles. >> rose: and the tax reforms you supportd? >> as long as the rates reduced so that it's revenue neutral. but they wanted to have tax reform that would be a trojan horse for $5 trillion in higher taxes. that was a big no-no. that was not going anywhere and the reason why they've never written simpson-bowles down in legislative language is that it would become clear to republicans and th