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U.S. Republican presidential nominee Mitt Romney makes a point as U.S. President Barack Obama listens during the final U.S. presidential debate in Boca Raton, Florida, October 22, 2012.
U.S. Republican presidential nominee Mitt Romney makes a point as U.S. President Barack Obama listens during the final U.S. presidential debate in Boca Raton, Florida, October 22, 2012.

Live Blog: The Third U.S. Presidential Debate

21:48 22.10.2012
21:48 22.10.2012
Israel and Iran

Schieffer asks whether either candidate would be willing to declare that an attack on Israel is an attack on the United States.
Obama says Israel is a true friend, and America's "greatest ally in the region."
He says he will stand with Israel if they are attacked. He adds that this week, the U.S. will be carrying out the largest military exercise with Israel.
He says his administration has helped organized the strongest coalition and strongest sanctions against Iran and that Iran's economy is now in shambles.
Obama calls a nuclear Iran a threat to U.S. national security and Israeli national security.
Obama says the work that the U.S. has done with respect to sanctions offers Iran a choice: they can take the diplomatic route and end its nuclear program or face a U.S. president that says it will not take any options off the table.
But Obama says military action should be a last resort not a first resort.
21:46 22.10.2012
21:44 22.10.2012
Obama criticizes Romney's plan, saying the former Massachusetts governor has called for $5 trillion in tax cuts that and $2 million more on military spending the military is not asking for.
Obama says the math simply doesn't work.
Obama says his budget is driven by strategy and what the nation needs to keep Americans safe, not politics.
He says the U.S. needs to make sure its economy is strong at home so it can project military power overseas.
Romney touts his Massachusetts record, saying he was able to balance the state's budget.
He accuses Obama of seeking to cut military spending by $1 trillion.
Obama says he doesn't think Romney understands how the military works. He says the question is not a "game of battleship, where we're counting a ships," but a question of capability. He says Romney's strategy "doesn't work."

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