A new government in Greece moves to reverse austerity reforms. Tensions ease on the Israeli-Lebanon border. And President Barack Obama visits India and Saudi Arabia. A panel of journalists joins Diane for analysis of the week's top international news stories.
The Congressional Budget Office projects that if the Bush administration tax cuts are extended indefinitely, there could be a 10 year budget deficit of $2.9 trillion. Two economists join Diane to talk about the relationship between government deficits and economic growth.
- Kevin Hassett director, economic policy studies, American Enterprise Institute.
- Peter Orszag director, Office of Management and Budget former director, Congressional Budget Office, and former senior fellow in economic studies at the Brookings Institution and author of "Saving Social Security"
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