Michele Bachmann polling in Iowa at just one point behind GOP front-runner Mitt Romney as her staff has been busy laying the groundwork for a competitive race.
Budget talks are set to resume again today in Washington, with President Obama stepping in and meeting with Senator Harry Reid and Senator Mitch McConnell at the White House.
Hilary Rosen, CNN political contributor and Leslie Sanchez, Republican analyst, talk these stories and other political headlines this morning on American Morning.