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Bill O'Reilly Announces 90-Min. Debate With Jon Stewart: 'The Rumble in the Air-Conditioned Auditorium

In this image taken from video and provided by the Fox News, "The O'Reilly Factor" host Bill O'Reilly points across the table at "Daily Show" host Jon Stewart, on the set of the "The O'Reilly Factor," Wednesday, Feb. 3, 2010 in New York. (AP Photo/Fox News Channel)

Tonight on Fox News' "The O'Reilly Factor," host Bill O'Reilly announced he will participate in a debate against Comedy Central's Jon Stewart.

The debate is scheduled to take place in Washington, D.C., at George Washington University on Oct. 6.

O’Reilly said the debate will center three issues: the national debt, American relations in Muslim countries and gas prices. It will stream online.

The debate will be called “The Rumble in the Air-Conditioned Auditorium." It will be formatted like a presidential debate, O'Reilly said, “without all the phoniness and pomposity.” There will be a Q&A with the live audience and those streaming it can submit their own questions as well.

Tickets for the live stream 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 today that CNN anchor E.D. Hill will moderate.

O'Reilly and Stewart occasionally venture onto each others' home turf. The last time the two met was in September last year, when O'Reilly appeared on Stewart's comedy program "The Daily Show" to promote his book "Killing Lincoln."

Watch O'Reilly's Talking Points Memo in which he announces the debate over on the Blaze Blog.

Below is the promo video for the debate:

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