Saber Rattling from Tehran, Tel Aviv, Moscow and Washington

Iran today test-fired nine ballistic missiles, including one which it says has the capacity to strike an Israeli city. The test comes just a month after Israel drilled with warplanes that could reach Iran's nuclear installations. Also, should Washington cut programs to balance the budget or continue deficit spending to help hard-hit Americans? What about taxes? We look at the presidential candidates and the economy.

Banner image: Secretary of State Condoleezza Rice and Minister of Foreign Affairs of the Czech Republic Karel Schwarzenberg during their press conference, Prague, July 8