2012 Presidential Debates: Obama Needs Knockout

President Obama faces Mitt Romney for the second debate of the election.
3:00 | 10/14/12

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Transcript for 2012 Presidential Debates: Obama Needs Knockout
The countdown to the next battle between president obama and mitt romney. Both men are in intense training for the second debate on tuesday. With 23 days left before election day, the stakes could not be higher. Many believe the president needs a knockout to regain momentum. It's "your voice, your vote." Here's david kerley. Good morning, david. Reporter: Good morning. The president is holed up in a virginia resort for three days of debate preparation. His performance could blunt romney's place in the poll. The stage is being set. The ring, if you will. Think the stakes are enormous, particularly for the president. Reporter: Round one went to romney. The second round, biden got obama back in the fight, even if the overall debate with ryan was a draw. Now with three days away, the candidates in their corners. Mitt romney in boston the. President in williamsburg, virginia. Taking three days off the campaign trail for practice. The president watched the polls tighten after the first debate. With romney moving ahead in virginia in one poll. How are you? Reporter: Team owe what tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. In tuesday's debate, audience members will ask the questions in the town hall format. He's got to be able to go on offense without being offensive to the audience. He's got to go on offense and defend his vision, his path to where he'd take the country in the second term. I had a debate about a week ago. I did enjoy myself. Reporter: As for romney, who is energized by the momentum and bigger crowds he's seen since the debate. Our debate coach says, keep it up. I can't imagine he would get overconfident. He needs to do much of the same he did in the first debate. Reporter: The big face-off set for tuesday night. The owe what campaign just announced it has more than 4 million donors this cycle. That's a presidential record. Thank you, david.

This transcript has been automatically generated and may not be 100% accurate.

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