Live Blog: The Third U.S. Presidential Debate

Romney criticizes several of Obama's actions that he says led Iranian leaders to perceive U.S. weakness and think they could keep dodging real negotiations.

Obama says everything Romney said is not true. He says his administration has helped put in place the toughest sanctions ever on Iran, pointing out that Romney has invested in a Chinese company doing business with Iran.

Obama says Iran is at its weakest point economically, strategically and militarily than it has been in years.

Romney says the world is "four years closer" to a nuclear Iran.

He says he called Obama's trip to the Middle East an "apology tour" because Obama put down the U.S. when he visited various countries, that notably did not include Israel.

Obama hits back at Romney, saying the central point is who is going to be credible, points out that he has supported such things as women's rights, religious minorities, and that people looking at his record can say the president of the U.S. has stood on the right side of history.

Romney says he looks around the world at places such as Syria, China, North Korea and sees the U.S. influence receding rather than growing.

Romney says that is in part because of the "turmoil with Israel."

Obama looks directly at Romney as he tells him that on many issues, including Iraq and Iran, he's been "all over the map."

Obama says that when it comes to going after bin Laden, Romney now says any president would make that call, but that when asked about it previously, he said "we shouldn't move heaven and earth" to get one man.

Obama brings up story of a little girl who lost her father in the World Trade Center attacks and that she said the death of bin Laden brought her closure.

Afghanistan

Schieffer asks the candidates what they would do if the 2014 deadline arrives and it is obvious the Afghans are not able to handle their own security.

Romney says the U.S. will be finished by 2014, and as president he will make sure U.S. troops are out by 2014.

Romney says the U.S. will be able to make that transition.

He says his administration would also looks at what's happening in Pakistan, knowing it will have a major effect on Afghanistan. Romney says Pakistan is important to the region and the world. He says a Pakistan that falls apart and becomes a failed state would be extremely dangerous.