>> the vast divide between the democratand republicans in washgton. you have always had partisan activity, but now you have a monolithic group of republicans and a monolithic group of democrats who are ideologically so far apart and unwilling to give anything unless their sie is going to win. have not had anything quite like this in modern politics. you have always had some e group in each group that was willing to bridge the gap. >> what strikes me as different is there is one colby said, but at we are evolving into is a parliamentary system except we don't have a parliamentary stem. you overlay this kind of polarity on a system of checks an balances, and what you get is total gridlock. nobody is willing to compromise ossover which is the oil of a democratic system, and we don't have the power of a parliamentary system where when you win, your party puts into effect its program and is the people will like it, they sthbound your party -- if people don't like it they vote out your party. >> charles? >> i and encouraged by the divisiveness and rancor. [

sylvia hall has the latest from washgton. >> reporter: j.p. morgan's trading loss could total $3 billion. $1 billion more than announced last week. the losses are mounting as corporate credit weakens and competitors take advantage of j.p. morgan's position in the trade. the impact of the bank's bad bet continues spreading in washington. c.e.o. jamie dimon has accepted an invitation to testify to the senate banking committee. the white house is pushing regulators to beef up the "volcker rule," a controversial piece of the 2010 dodd-frank financial reform. it's aimed at preventing banks from making risky bets for their own profits. but the banking industry maintains the rule could limit the trades they can make for their clients. today, the trade group american bankers association said j.p. morgan's mistake doesn't change their stance against the ban. still, regulators are under stepped up pressure. democratic senators jeff merkley and carl levin sent a letter to the nation's top baking regulators pushing for a strong rule, free of loopholes. th

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abc's karen trav sers in washgton with details.morning, karen. >> reporter: good morning, rob. good morning, paula. mitt romney won't be the official republican nominee until the convention in august. it took more than five months, and nearly 50 contests. but with his win yesterday, texas primary, mitt romney has finally reached the magic number of delegates to clinch the republican nomination. the presumptive republican nominee marked the milestone with zero fanfare. he kept his focus on president obama. after all, their general election battle has been under way hot and heated for nearly two months. >> this president's policies made it harder for america to get on its feet again. >> reporter: later, romney raised campaign cash in las vegas with donald trump. >> we need to have presidents who understand how this economy works. >> reporter: the romney campaign is raveling off a dinner with the candidate and trump to raise money. but is the reality tv star, short life lived presidential candidate an ultimate shoo in more of a troubl

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