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President Barrack Obama said Donald Trump is a "small business" at the first Presidential Debate Wednesday night while referring to certain tax-cut polices. "Donald Trump is a small business. Now, I know Donald Trump doesn't like to think of himself as small anything -- but that's how you define small businesses if you're getting business income," said the president, "Under Governor Romney's definition, there are a whole bunch of millionaires and billionaires who are small businesses."

President Barrack Obama and Former Massachusetts Governor Mitt Romney engaged in the first of the three presidential debates Wednesday evening. The debates were moderated by Jim Lehrer, Host of NewsHour on PBS at the University of Denver in Denver, Colorado.

Mitt Romney battled back in his uphill drive to oust President Barack Obama on Wednesday with an aggressive debate performance that put his campaign on a more positive footing after weeks of stumbles and knocked Obama off-stride.