06/27/2011 08:16 pm ET | Updated Aug 27, 2011

Michele Bachmann's Running In 2012, Debt Crisis Looms And A Serial Killer Gaffe: Your Day In Politics (VIDEO)

Rep. Michele Bachmann (R-Minn.) formally declared her candidacy for president of the United States on Monday. Lawmakers in Washington are still working to negotiate a deal to raise the nation's debt ceiling on a tight deadline. And on a different front, former Illinois governor Rod Blagojevich (D) was found guilty of corruption on seventeen counts.

Above, all of that and more, in a rundown of your day in politics news.

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