Romney encourages Obama to embrace DeMint-backed pledge

Former Massachusetts Gov. Mitt Romney (R) encouraged President Obama on Thursday to embrace the principles contained in the "Cut, Cap and Balance" supported by most GOP presidential candidates.

Romney, who's been reluctant to wade into the tense negotiations in Washington between Obama and congressional Republicans, said that the pledge, promoted by Sen. Jim DeMint (R-S.C.) as a litmus test for presidential candidates, would defuse the debt negotiations.