Bill Reid

CNBC's Mary Thompson and Jim Cramer report on JP Morgan's stunning admission of huge losses at the bank. Also, discussing what's causing the stall on Capitol Hill, with Kimberley Strassel, The Wall Street Journal; Bill Hennessy, St. Louis Tea Party founder; and Joy Reid, TheGrio.com.

Ed's been getting heat for predicting a Santorum victory, he explains why he made the call, and talks Iowa caucus aftermath with Jonathan Alter, Joy-Ann Reid and Bill Burton.

Ed talks the road ahead for the Republican candidates with our Ed Show panel, Jonathan Alter, Joy-Ann Reid and Bill Burton.

House speaker, John Boehner, announces in a press conference, he and Sen. Harry Reid, (D-NV) have reached an agreement on the tax cut bill, saying sometimes it's hard to do the right thing, and sometimes it's politically difficult to do the right thing.