The Presidential Debate 2012 is set to take place Wednesday, Oct. 3 at 9 p.m. EST. All major TV networks and news channels will air the debate live, which will take place at the University of Denver in Denver, Colorado.

Viewers can tune into ABC, CBS, FOX, NBC and and cable news channels C-SPAN, CNN, Fox News, and MSNBC.

The event will also be streamed live via YouTube, Ustream and  2012presidentialelectionsnews.com.
YouTube will feature a special section called "Election Hub" and stream all three presidential debates and vice presidential debates.

Over 50 million viewers are expected to tune into the debate, which will see President Barack Obama and Mitt Romney discussing domestic policy issues. The 90-minute debate will be moderated by Jim Lehrer.

One of the key points for Romney would be to explain his infamous remarks at a fund-raising event with millionaire donors. Romney said about 47% of Americans "are dependent upon government; who believe that they are victims; who believe the government has a responsibility to care for them; who believe that they are entitled to health care, to food, to housing - to you-name-it."

"The governor is prepared, obviously, to respond to that," senior aide Ed Gillespie told the New York Daily News Tuesday.

In the other hand, Obama will try to explain Americans why the economy will improve under his Government if he is elected for a second term, after his first term failed to do so.

The debate's format will be composed of six 15-minute time segments each of which will focus on the following topics: Economy I,II,III, Health Care, The Role of Government and Governing.

The next two debates will be on October 16 and October 22.

Below is the full schedule of the Presidential Debates 2012:

October 3, 2012

Topic: Domestic policy
Air Time: 9:00-10:30 p.m. Eastern Time
Location: University of Denver in Denver, Colorado (Tickets)
Sponsor: Commission on Presidential Debates
Participants: President Barack Obama and Governor Mitt Romney
Moderator: Jim Lehrer (Host of NewsHour on PBS)
October 16, Tuesday - 9:00-10:30 p.m. EDT

The debate will focus on domestic policy and be divided into six time segments of approximately 15 minutes each on topics to be selected by the moderator and announced several weeks before the debate.

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.

October 11, 2012

Topic: Foreign and domestic policy
Air Time: 9:00-10:30 p.m. Eastern Time
Location: Centre College in Danville, Kentucky (Tickets)
Sponsor: Commission on Presidential Debates
Participants: Vice President Joe Biden and Congressman Paul Ryan
Moderator: Martha Raddatz (ABC News Chief Foreign Correspondent)

The debate will cover both foreign and domestic topics and be divided into nine time segments of approximately 10 minutes each. The moderator will ask an opening 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 question.

October 16, 2012

Topic: Town meeting format including foreign and domestic policy
Air Time: 9:00-10:30 p.m. Eastern Time
Location: Hofstra University in Hempstead, New York (Tickets)
Sponsor: Commission on Presidential Debates
Participants: President Barack Obama and Governor Mitt Romney
Moderator: Candy Crowley (CNN Chief Political Correspondent)

The second presidential debate will take the form of a town meeting, in which citizens will ask questions of the candidates on foreign and domestic issues. Candidates each will have two minutes to respond, and an additional minute for the moderator to facilitate a discussion. The town meeting participants will be undecided voters selected by the Gallup Organization.

October 22, 2012

Topic: Foreign policy
Air Time: 9:00-10:30 p.m. Eastern Time
Location: Lynn University in Boca Raton, Florida (Tickets)
Sponsor: Commission on Presidential Debates
Participants: President Barack Obama and Governor Mitt Romney
Moderator: Bob Schieffer (Host of Face the Nation on CBS)

The format for the debate will be identical to the first presidential debate and will focus on foreign policy.