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Saying that "Washington has to live within its means" and that lawmakers must "cut what we can't afford to pay for what really matters," President Obama just introduced what he says is a plan to cut an additional $3 trillion from budget deficits over the next decade.

And he vowed to veto any legislation that puts all the burden of deficit reduction on those who rely on Medicare and other social programs. "It will not happen on my watch," declared Obama, in making the case that the wealthy and corporations must also be asked to pay more in taxes.

(Note at 12:10 p.m. ET: A 10th person has died, according to officials in Washoe County, Nev. We've updated the post to reflect that news.)

As investigators search for clues into the cause of Friday's deadly accident at a Reno air race, in which 10 people were killed and dozens more injured when a plane crashed into a V.I.P. tent, there are reports that some who were there think 74-year-old pilot Jimmy Leeward did his best to prevent an even worse tragedy.

Saying that "I messed up," Netflix CEO Reed Hastings announced late Sunday evening that after many complaints from its customers about a 60 percent increase in its fees, the company is splitting its services.

Soon, if you just want DVDs-by-mail, you'll be dealing with Qwikster (Hastings says the name "refers to quick delivery).

If you want to stream movies and other content, the company you'll be using will still be called Netflix.

Good morning.

President Obama this morning lays out what his aides say is a plan to reduce projected budget deficits by about $4 trillion over the decade. Earlier, we posted about "Five Things To Know About Obama's Deficit Plan."

Netflix has figured out that people are very upset about its decision to split streaming video and DVD delivery — a decision that got it in huge hot water earlier this year. Customers who had previously gotten both streaming and DVDs for a single price would now have to pay separately. If you only use one or the other, you could pay less, but if you still wanted both, you'd pay more.

While saying there was no violence involved in the May incident at a New York City hotel that led to his arrest on a sexual assault charge, former International Monetary Fund managing director Dominique Strauss-Kahn has admitted making a "grave moral mistake" during what he says was a consensual encounter with a maid.

"I regret it infinitely," he said.

Watching Sunday night's Emmy Awards was a little bit like going to the very bad wedding of people you really love: the happiness you feel for the people involved almost makes up for how otherwise unremarkable the experience is.

President Obama this morning outlines a deficit-reduction plan that his economists say would reduce anticipated federal budget deficits by about $4 trillion over the next decade.

Man's Call To America: Turn Off That Air Conditioner

Sep 18, 2011

According to the National Oceanic and Atmospheric Administration, this summer has been the second-hottest ever recorded in the United States, helping to push power demand in homes to record levels. As some worry that the growing use of fossil fuels to produce electricity for cooling is unsustainable, one man is urging Americans to live without air conditioning.

David Keith is a bit fidgety. Maybe that's because venture capitalists have asked to come see his carbon dioxide machine. Maybe it's because the project is running months behind schedule, as experiments so often do. Maybe it's because his critics say it'll never work.

Or maybe it's a taste of excitement, because it seems entirely possible that the trailer-truck-size machine that he's leaning up against is actually going to work.

"It's amazing to see all this talk and paper get turned into hardware," he says. "I really love it."

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