Transcript of the Oct. 3, 2012, presidential debate at the University of Denver as prepared by the Commission on Presidential Debates with permission to re-publish; will be updated as the debate continues:

LEHRER: Thirty seconds, folks. Let's have a terrific evening, for all of you and for our country.

Good evening from the Magness Arena at the University of Denver in Denver, Colorado. I'm Jim Lehrer of the "PBS NewsHour," and I welcome you to the first of the 2012 presidential debates between President Barack Obama, the Democratic nominee, and former Massachusetts Governor Mitt Romney, the Republican