Debt Limit Debate; Galleon Guilty; GOP in 2012

The debt limit debate continues on Capitol Hill, with many senior lawmakers saying it's unlikely the GOP-controlled House can reach a budget agreement with Democrats in the Senate and the White House. Are these partisan squabbles all part of the process before an inevitable compromise, or are there some tough stalemates ahead? Also this week, hedge fund tycoon Raj Rajaratnam, founder of the Galleon Group and a key figure at the center of a US insider-trading crackdown, was found guilty of all 14 counts against him in a massive illegal stock-tipping case. Plus we discuss a crop of confirmed and potential GOP presidential candidates in the news this week -- Newt Gingrich, Ron Paul, and Mitt Romney -- and the challenges they face as they try to secure popular approval and their party's nomination. (Guest panelist Chrystia Freeland sits in for Arianna Huffington.)

Banner image: Former Massachusetts Governor Mitt Romney delivers his address on healthcare reform May 12, 2011 at the Cardiovascular Center on the campus of the University of Michigan in Ann Arbor. Photo: J.D. Pooley/Getty Images