What a Muslim Brotherhood Win in Egypt Could Mean for U.S.

As the U.S. election season heats up amid rising debt, Europe's woes, expiring Bush-era tax cuts and a scheduled round of spending cuts, the Congressional Budget Office warned the economy could head back into recession. Judy Woodruff speaks with Harvard University's Ken Rogoff and Josh Bivens of the Economic Policy Institute.

In other news Thursday, Egyptians flocked to the polls for a second day of voting in their first freely contested presidential election. Results are expected to be announced on Tuesday. Also, Iran's nuclear negations with the U.S. and five other countries ended in Baghdad with no breakthrough.

Economic divisions between France and Germany were reinforced Wednesday at a summit on Europe's debt crisis with austerity, promises of economic growth and a potential euro exit by Greece among the topics of open and vocal debate. Jeffrey Brown and The Economist's Zanny Minton discuss what's ahead for the eurozone.

After an inconclusive meeting of European leaders in Brussels ended Wednesday, new data showed a worsening economic contraction throughout the continent. Jeffrey Brown reports.

Claiming its uranium enrichment is only for peaceful purposes, Iran made a counter-offer Wednesday to a proposal by the U.S. and other countries meant to curb production. Margaret Warner discusses the latest negotiations with former Iranian diplomat Seyed Hossein Mousavian and the Brookings Institution's Suzanne Maloney.

Hoping to rein in Iran's uranium enrichment and prevent the production of nuclear weapons, the United States, Russia, China, Britain, France and Germany presented a proposal Wednesday that included unspecified "confidence-building" measures, according to State Department spokeswoman Victoria Nuland. Margaret Warner reports.

As the eurozone's economic woes worsened Wednesday, European leaders gathered in Brussels -- bracing for the possibility that Greece will drop the euro. Spain is also on the brink of sliding from a recession into a depression. Jonathan Rugman and Lindsey Hilsum of Independent Television News report.

Across Egypt, at least 50 million people were eligible to choose from a field of 13 candidates in the country's first free presidential election. Gwen Ifill and McClatchy reporter Nancy Youssef discuss what the historic election means for Egypt's future.

Fifteen months after mass protests toppled the regime of President Hosni Mubarak, voters across Egypt went to the polls Wednesday for their first free and genuinely competitive presidential election. Election monitors said the first of two days of voting went smoothly. Gwen Ifill reports.

With this week's presidential election representing the end of the transition from a military to civilian government, many Egyptians will be watching not only the results but for a clean process as well.