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US election: Economy focus of TV debate

2 October 2012 Last updated at 23:30 BST

With just five weeks to go until election day in the US, Barack Obama and Mitt Romney are preparing to face each other in an eagerly-awaited televised debate on the economy.

The president is under heavy attack from the Republicans accused of failing to deliver strong economic growth and much-needed jobs after the recession.

Global markets are most worried about America's budget deficit.

Stephanie Flanders reports.