The supercommittee failed to reach a budget deal this week, affecting national politics and the economy. Also, the GOP presidential candidates debated foreign policy, with Newt Gingrich facing new scrutiny on his immigration stance. John Dickerson guest-hosts with: Susan Davis, National Journal; David Wessel, The Wall Street Journal; Dan Balz, The Washington Post; Gloria Borger, CNN.
On the Webcast Extra: Mitt Romney releases a television advertisement that uses Barack Obama’s words out of context. And what are Romney’s chances in Iowa? Also, is Grover Norquist the Democrats' budget bogeyman. And why the Holiday economic news is a little better this year.