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President Obama announced his support Tuesday for a deficit-reduction plan drafted by a bipartisan Senate group known as the "Gang of Six." The lawmakers' proposal promises to reduce the deficit by $3.7 trillion.

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Gov. Arnold Schwarzenegger and Mayors Michael Bloomberg and Antonio Villaraigosa (pictured above with USC Annenberg's Dean Geoffrey Cowan) convened at Creative Artists Agency's swank new Beverly Hills HQ Tuesday for a conference on bipartisan politics, and this perhaps scripted meeting of high-wattage minds (and personalities) produced some thought-provoking -- and surprising -- conversations and announcements.

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