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who has proven prescient in predicting political change. then, what was andres breivik thinking? the oslo killer was in court this week. we'll analyze what he said next. and can europe survive? can the euro survive? should the u.s. government slash its budgets the way european governments are? i was in london earlier this week and sat down with a star-studded panel to sort things out. but first, here's my take. watching the apec summit in hawaii last week, i had a feeling we were entering a new phase of global geopolitics. for decades now, those summits have been occasions for asi...

opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we'...

All the hoopla, it is important to say these things. there's so much that binds israel and the united states together. and i think it feeds to be said. >> sean: could we say that there is a healthy understanding -- i watched the speech today, 29 standing ovations. you got 10 good jokes in. over 15 moments of applause. by any estimation, a very, very warm welcome from the united states congress, joint session of congress. would it be fair to say there's a healthy understanding with the white house and congress, understanding israel's security needs? >> i think so. and i think also some basic pr...

Together so we could find an approach and configuration that is consistent with security needs of both countries and maintains strategic balance and deals with potential threats that we share. >>shepard: the united states wants missile defense protection from iran and north korea, but, it is something that russia has strongly resisted. our white house correspondent is traveling with the president, live in france this evening, and wendell, the president scaled back the plans but the russians still are not ready to get on board it sounds like? >>guest: well, the president said the russians do in...

With you and your entire family. and good look to you. let us know how you're doing, okay? >> i will. >> thanks very much. bill karnz will be here to give the full weather forecast. right now the president is in the middle of a g-8 working session in france, pressing for more help for middle east countries struggling for democracy. the president had a one on one meeting with dimitry medvedev. the two leaders talking about laying the foundation for the future of missile defense. >> we committed to working together so that we could find an approach that is consistent with the security needs of...