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SOTU Sneak Peek
August 16th, 2012
04:50 PM ET

SOTU Sneak Peek

There is no shortage of stories dominating the news this week, but what will be leading the headlines on Sunday morning? These are some of the stories in the news this week.

Medicare Debate: Almost a week after announcing Rep. Paul Ryan as his running mate, Mitt Romney hit the ground running on the hot topic of Medicare. In an interview with CBS News, Romney defended Ryan’s Medicare Plan, claiming that President Obama’s plan cuts more than $700 billion from the program that guarantees health insurance to seniors citizens. A new 30-second ad released from his camp reiterates Romney’s claim. “You paid in to Medicare for years. Every paycheck. Now, when you need it Obama has cut $716 billion dollars from Medicare,” says the narrator. Ryan, who serves as the House Budget Chairman, says that he and Romney aren’t backing down from their claims. “President Obama is actually damaging Medicare for current seniors. It’s irrefutable. And that’s why I think this is a debate we want to have, and that’s a debate we’re going to win.” On his three day bus tour in Iowa, Obama went on the attack on Medicare, stating that Romney and Ryan “know their plan’s not very popular.” “You can tell that because they’re being pretty dishonest about my plan, especially by the way when it comes to Medicare,” said the President.

Team Romney unsure of budget balance: On Wednesday, Mitt Romney’s senior adviser Ed Gillespie told CNN’s “The Situation Room” that he did not know when the GOP presidential nominee would balance the federal budget. “I’m not sure of that myself, actually. I’ll get back to you though, I’m sure it’s on our website,” said Gillespie to CNN’s Wolf Blitzer. This statement came a day after Paul Ryan said the campaign had not yet “run the numbers.” At the Business Roundtable in June, Romney said that by making major cuts to government programs, he would balance the federal budget within a decade. “And if those things save about $500 billion a year by my fourth year in office-if I am lucky enough to be elected- and get us to a balanced budget within eight to ten years,” said Romney.

Romney on his taxes: At a press conference on Thursday, Mitt Romney said that he has never paid less than 13 percent in taxes. “I did go back and look at my taxes, and over the past 10 years, I never paid less than 13 percent,” said Romney. Later in the press conference, Romney said that once you factor in the amount of money that has gone to charity, he has the amount of money he has paid in taxes “gets well above 20 percent.” The former governor did not offer to release any more tax returns than already released, but he has vowed to make public his 2011 tax returns before Election Day.

Much more to come, make sure to check back Friday for our full Rundown and don’t forget to tune in Sunday at 9am & Noon ET when CNN National Political Correspondent Jim Acosta fills in for Candy Crowley this week on State of the Union.

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