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After the deaths of a U.S. ambassador and three others in Libya and continuing protests around the Muslim world, the focus shifts to foreign policy in the government and on the presidential campaign trail. Joining Gwen: Doyle McManus, Los Angeles Times; David Sanger, The New York Times; Major Garrett, National Journal; Laura Meckler, The Wall Street Journal.

On the Webcast Extra: The debt ceiling comes back to haunt Washington with a sequester that may cause $120 billion in cuts across the board. Could this push Congress to make a deal before the fiscal cliff? Will the candidates use sequestration as a blunt instrument during the debates? We look back at how past presidential challengers have fared.