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6th committee to testify. what we know about that. and burn bits. senators just announced a bipartisan bill to help veterans exposed to the toxic pits that have been linked to cancer. an iraq war veteran explains what this means for those that served. we will, though, start in seoul, the first stop on the president's trip to asia. and white house correspondent carol lee is with us. and i'm joined by geoff bennett. this is his first stop. what's he done so far? and talk to me about the need for this government or the desire for this government to try to move away from some of the mo...

Gallon has hit another record. the extremely busy holiday season is sparking fears of a recession or what is known as a stagflation. tom costello explains. >> reporter: we're talking about something we haven't discussed since the '70s or '80s, stagflation. it's when the economy is stagnant, not growing and unemployment moves higher and inflation is moving higher. and right now, top economists and former fed officials are warning stagflation is a possibility. the good news, unemployment right now is still very low. we're facing a tsunami of economic challenges. america seems in a vortex of bad ...

Escalate this up into a realm that suddenly has nato and russia literally in armed conflict. and striking that balance in a way also -- because remember, the ability to send whether it's jets or other things, we have so far maintained total lock step with nato. i know for a fact that many of those nato countries would be reluctant on some of these moves. we have to keep the alliance united and we have to keep ratchetting up the pressure. there's a real tension here. you're absolutely right. >> last questions on the economy. i'm sure you read larry summers' op-ed in "the washington post" the ot...