Fox News' O'Reilly announces 90-min. debate with Jon Stewart

In his "Talking Points Memo" tonight, Fox News' Bill O'Reilly announced he'll be pairing up with Comedy Central's Jon Stewart for a 90-minute debate. It will stream online on Oct. 6.

O'Reilly said the debate will center on three topics: the national debt, American relations in Muslim countries and gas prices.

"I feel so strongly about this that I'm teaming up with my pal Jon Stewart to do a 90-minute debate on those and other vital issues," O'Reilly said.

He said they were calling it "The Rumble in the Air-Conditioned Auditorium" and it will be formatted like a presidential debate, "without all the phoniness and pomposity." Furthermore, O'Reilly said there will be a Q&A with the live audience and those streaming online can submit questions.

The tickets are available for pre-order at TheRumble2012.com for $4.95. O'Reilly said fifty-percent of the profits "if there are any" will go to "a bunch of very worthy charities."

The New York Post's Cindy Adams wrote this morning and said CNN anchor E.D. Hill will moderate.

From The O'Reilly Factor:

And here's the promo for the debate: