DSK's Reversal of Fortune, Obama as Scolder-in-Chief, and more

The sexual assault case against Dominique Strauss-Kahn, the former leader of the IMF, is on the verge of collapse. As new concerns emerged about the credibility of his accuser's story, Strauss-Kahn was freed from house arrest on Friday morning by a Manhattan judge, and released on his own recognizance. President Obama held a news conference on Wednesday where he had some tough talk for Republicans on Capitol Hill. Accusing them of procrastinating on a budget deal, he challenged them "to do their job," earning him the moniker of "Scolder-in-Chief." Will the President's remarks jump-start the budget talks or further alienate Congressional Republicans and stall the whole process? We discuss Congresswoman Michele Bachmann, who formally launched her presidential campaign this week, and the political and legislative fall-out from the vote to legalize gay marriage in New York State. (Guest moderator Sara Terry sits in for Matt Miller, Ed Kilgore for Arianna Huffington.)

Banner image: Former International Monetary Fund leader Dominique Strauss-Kahn (C) and his wife Anne Sinclair (2L) leave a hearing where he was released on his own recognizance at New York State Supreme Court on July 1, 2011 in New York City. Photo: Mario Tama/Getty Images