Good Morning!

Happy Valentine's Day

The President meeting with the Chinese VP (widely seen as next in line) today at 11:15.. We'll get tape later in the hours

Defense Secretary Leon Panetta will defend his Pentagon budget today on Capitol Hill..

0930EST -- Senate Armed Services Cmte hearing on the Defense Authorization Request for FY2013 and the Future Yrs Defense Program. Secy Panetta & Joint Chiefs Chair Gen. Martin Dempsey testify. LIVE

We also hear more on the President's budget today.. Two hearings we'll be monitoring:

1000EST -- Senate Budget Cmte holds hearing on "The President's FY2013 Budget Proposal." Acting OMB Dir Jeffrey Zients testifies. LIVE

1000EST -- Senate Finance Cmte hearing on "The President's Budget for FY2013." Secy Geithner testifies. LIVE

Speaker of the House John Boehner unveiling a compromise plan on extending payroll tax cuts. We'll see how that goes over.

Newt Gingrich holding a fundraiser today in San Diego. Rick Santorum is in Coeur d'Alene, Idaho. Mitt Romney and Ron Paul have no public events. New polling suggests Rick Santorum is tied with Mitt Romney.

Israel police on high alert today after attacks on Israeli embassy workers.

The Syria situation continues to spiral out of control.. U.N. being urged to act more aggressively.