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What will the global economic implications be if Congress does not raise the nation's $14.3 trillion debt limit? Also, Bachmann launched her presidential campaign. Plus, SCOTUS’ruling on the sale of violent video games to children. Joining Pete Williams: David Wessel of The Wall Street Journal; Major Garrett of National Journal; Jeff Zeleny of The New York Times; and Joan Biskupic of USA Today
On the Webcast Extra: The Congress debates the debt ceiling and sides are taken on tax breaks versus spending. How will the same-sex marriage debate play in the 2010 presidential election? Plus, an update on Rick Perry and Sarah Palin's presidential plans. Also, Christine Lagarde begins her new position as IMF Chief next week. And a preview of next year’s Supreme Court docket.