Bob Schieffer spoke with President Bill Clinton as the former president convenes his Global Initatives conference looking for solutions to the world’s most pressing problems and got his take on the current state of American politics; Then, two voices on the right, Columnist and former Bush Administration official Michael Gerson and the GOP's legendary strategist and former Reagan Advisor Ed Rollins on where the Tea Party movement is going; Also, Schieffer shares how Democrats may have missed an opportunity to find a compromise on the tax cut debate.