July 25th, 2012

05:19 PM ET

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CNN's GUT CHECK for July 25, 2012

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CNN Political Director Mark Preston and CNN Executive Producer Michelle Jaconi

CNN's GUT CHECK | for July 25, 2012 | 5 p.m.
- n. a pause to assess the state, progress or condition of the political news cycle

BREAKING: Senate passes Democratic tax plan, rejects GOP version… The U.S. Senate on Wednesday passed a Democratic plan to extend the Bush-era tax cuts for middle income Americans while rejecting a Republican alternative to continue all of the cuts - twin votes that help to crystallize the position of the two parties on a critical issue heading into the fall campaign.
JUST IN: READY, SET, DEBATE! … The Commission on Presidential Debates just announced the 2012 general election debate formats.
All four debates - three presidential and one vice presidential - will air from 9 to 10:30 p.m. ET and feature a single moderator. The moderators will be announced next month.
- The first presidential debate, which will be held on October 3 at the University of Denver in Colorado, will focus on domestic policy and be divided into 15-minute topic segments.
- The second presidential debate, which will be held October   Hofstra University in Hempstead, New York, will use a town-hall format where undecided voters will ask the candidates questions on domestic and foreign issues.
- The third presidential debate, which will be held October 22 at Lynn University in Boca Raton, Florida, will focus on foreign policy and be divided into 15-minute topic segments.
- The sole vice presidential debate, which will be held October 11 at Centre College in Danville, Kentucky, will feature questions on both domestic and foreign policy and be divided into 10 minute segments.