Third Presidential Debate: Bob Schieffer Moderator, Final Obama/Romney Match

Mitt Romney and President Barack Obama will go head-to-head in Boca Raton, Fla. in their third and final presidential debate before Election Day 2012. NBC News correspondent Bob Schieffer will serve as moderator and the event will take place on Oct. 22 starting at 9 p.m. ET.

Both candidates will focus on the topic of foreign policy and viewers can expect to see discussions on America's relation with the Middle East, the rise of China and America's place in the world.

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The Commission on Presidential Debates (CPD), who is organizing the debate, said the event will be set up as following: "The moderator will open each segment with a question, after which each candidate will have two minutes to respond. The moderator will use the balance of the time in the segment for a discussion of the topic."

Only a day later will acclaimed talk show host Larry King moderate a debate held in Chicago for minor-party presidential candidates, which will also broadcast on the internet. The debate will include the following minority party candidates: Libertarian Party's Gary Johnson, the Green Party's Jill Stein, the Constitution Party's Virgil Goode and the Justice Party's Rocky Anderson.

The first debate between Obama and Romney, held on Oct. 3, was reported to be a clear win for the Republican candidate. Some analysts called Obama's performance "lackluster and wondered what happened to the key points of his Chicago-based campaign." However, several reports confirmed the second debate, held on Oct. 16, was Obama's debate to win. This third match-up between the two candidates might be the tie-breaker needed to give one of them the lead in the election, with the Nov. 6 deadline approaching.  

Bob Schieffer has been a CBS reporter since 1969. The second debate was moderated by CNN's Candy Crowley, who was reportedly to have been blatanly "wrong" in a comment she made during the event.