The fiscal cliff stalemate. We’ll look at the fractures within the GOP ranks on what to do about the expiring Bush tax cuts with Rep. Tom Cole (R-OK) and Rep. Marsha Blackburn (R-TN).

Then,  In an exclusive interview, we sat down with IMF Managing Director, Christine Lagarde to ask how the looming tax hikes and spending cuts will affect the global economy and the continuing fiscal woes affecting the Eurozone.

Plus, we’ll break down the spending, taxes and cuts with our roundtable: Stephen Moore of The Wall Street Journal, Jackie Calmes of The New York Times, Mark Zandi of Moody’s Analytics and CNN’s Sr. Congressional Correspondent Dana Bash.

Watch a preview of Candy's interview with Christine Lagarde here.