This Week's Agenda: Budget, Election 2012, Middle East

Congress continues to battle over the nation's budget. Could the government be headed for a shutdown? Charlie Herman, economics editor for The Takeaway and WNYC Radio, and Callie Crossley, host of The Callie Crossley Show on WGBH, look ahead to the week in news. Once Congress works out the budget, there's another hurdle –  this time in the form of the debt ceiling. The country's set to hit the ceiling later this year, and once that is reached, the U.S. cannot borrow anymore money.   Charlie Herman, shares how the government will prevent this next potential crisis from happening. While the government deals with these problems, President Obama will travel to Chicago this week to officially launch his 2012 presidential reelection campaign. Callie Crossley previews the countdown to November 2012. She also discusses what President Obama will talk about with Israeli President Shimon Peres, who visits Washington on Tuesday. Security and furthering peace in the region are likely to be the main topics of discussion.