Senior Obama campaign adviser David Axelrod is confident that the president's reelection chances aren't  in danger in Michigan, Minnesota or Pennsylvania, despite tightening polls there. And he's willing to put his money slightly above where his mouth is.

When pressed by MSNBC host Joe Scarborough on Wednesday morning about the slimmer margins in these states, where Obama once led comfortably, Axelrod said he would shave his mustache live on "Morning Joe" if President Obama lost any of the three.