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Here in the country 2.5%. double what it was. but still not where it needs to be. according to the administration. and the economists. bring in our panel. juan williams, columnist with the hill. eastbound -- nina easton. we start with you on the euro zone deal. we talk to gerri willis about this, how firm it is. >> the market reacted well but you have to ask whether this isn't pushing problems down the line. it cuts the debt payment of greece. but the debt of greece is still 120% of gdp. it is still high. greece hasn't taken the hard decisions it needs to take like cutting government wages. li...

in spending that we've already cut from the budget, our plan makes additional spending cuts that need to happen if we're to solve this problem. we reform agriculture subsidies. subsidies that a lot of times pay large farms for crops that they don't grow. we make modest adjustments to federal retirement programs. we reduce by tens of billions of dollars the tax money that goes to fannie mae and freddie mac. we also ask the largest financial firms, companies saved by tax dollars during financial crisis, to repay the american people for every dime that we've spent. and we save an additi...

have mended fences today, offered reassurances to the american israel public affairs committee or aipac which describes itself as america's leading pro-israel lobby group. obama stressed his fundamental support for the jewish state. >> no country can be expected to negotiate with a terrorist organization sworn to its destruction. we will continue to demand that hamas accept the basic responsibilities of peace, including recognizing israel's right to exist and recognizing -- rejecting ri violence and adhering to all existing agreements. >> cnn's senior u.s. state department producer e...

Borrow for a house, for a car, a college education. he says it would be more expensive for entrepreneurs to borrow for new equipment. it would mean ironically, we'd have to spend more for the national wealth and money coming in on interest on our bills because the interest rates would go up. so we would owe our foreign creditors much more than we do today. he says it would be catastrophic. others say, too, there's nothing more secure and sacred, really, than u.s. debt that we always pay our bills. if nothing happens until august 2nd, then the treasury department and his team have to decide wha...

path through louisiana's cajun country. >> we're fortunate that were have what we have, we haven't an opportunity to get out. material things we can replace. our family and what we believe in daily, just can't put prices on that. >> did you put up the sign? >> yeah, i put it up, i'm proud of that sign. it's just what we say, we will be back. >> almost a week after the mississippi crested in memphis, the river remains 11 feet above flood stage. president obama is in memphis today to get a look at the flood damage. and to comfort families who have lost their homes. zero and liftoff f...