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What happened here and then go back into an after action report and see what could be done better. we don't know the enough to know exactly how the this would impact the united states in the future. >> let me move onto the big developing story in ukraine. is crimea lost at this point? >> look, we are putting as much pressure on the russians as we can to do the right thing. we have given them the opportunity and the path to de-escalate and get this in the right place. theft know there are costs to their action here. the costs are economic, the russian economy, the russian stock market and the r...

And it is, as they say, a difficult and delicate process. there are no clear answers. if it were, we wouldn't be discussing it here. it would be easy. but there may be a time when we have more normalized relationships with iran, but i'm not predicting that. i'll settle for getting rid of the nuclear weapon capability. >> senator angus king, many thanks for your time. i appreciate it. >> yes, alex. thank you very much. and here's a quick note. news of the nuclear deal immediately increased the value of iran's currency. it rose more than 3% against the dollar on the news. as one trader put it,...

We begin with a big developing story from the west coast. in the state of california, new word of an unexpected fiscal crisis. governor jerry brown just announced a budget shortfall which is almost twice as large as expected. california of course the ninth largest economy in the world. and brown is expected to release a bailout plan on monday. but he is already taken his message to the internet in an urgent plea. >> we will have to go much further and make cuts far greater than i asked for at the beginning of the year. we can't fill a hole of this magnitude without doing severe damage to our s...

Concerns. just want to show you the red river. this is a hydrograph, a little more technical than i i want you to think about, but as the red river continues to rise, cresting just 3 feet of the record stage which was last year at 40 feet. so as we head closer to the weekend, the sandbaggers are out. this is going to be potentially a very dangerous situation as we have still the spring to go through and already we're talking about the potential for major flooding at the red river at far go, north dakota, so this is one of the areas 20 feet above flood stage right now. big developing story in t...

From him that he was upset -- granted, this was in 2006. it was about four years ago now. so, unfortunately, it's a horrible event. i don't know what has led up to it at this point, obviously. >> shepard: we will talk to a man who said he played with stack as well. that's coming up inside fox report. before that, the two other big stories developing right now, iran, for the very first time, the nuclear watchdog agency now warns iran may be trying to build nuclear missiles. that's new today. fox reports from the white house and the other big developing story. new information out of a united sta...