Live Blog: The Third U.S. Presidential Debate

Closing Statement: Obama

He says his administration has made real progress. He says Romney wants to take the U.S. back to Bush-era policies including foreign policy that is "wrong and reckless."

He says he wants to make sure the U.S. has the best education, that it controls its own education.

He says he wants to reduce the nation's deficit so it can invest in things like research and technology. He says after a decade of war, we need to do nation building at home, including work for veterans.

He promises to fight for American families and work every day to make sure America continues to be the "greatest nation on earth."

Obama says Romney was very clear that he would not provide assistance to auto manufacturers even if they went through bankruptcy. Obama says it is true that in order for the U.S. to be competitive, it will need to make some choices.

But targeting Romney's plans, he says things like cutting education will not help the U.S. compete with China.

Obama says the U.S. cannot return to the same policies that got the U.S. into trouble in the first place.

Romney says he agrees the nation needs to move forward, but says he does not want to see it go back to the policies of the last four years, which he says have not worked.

He says it is a tragedy that the last four years have been so hard. He says it's critical for the U.S. to be an attractive place for jobs again, and that's not going to happen by hiring more teachers.