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Obama talks economy on global stage

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    Leaders meet for G-8 summit

  • Duration 2:36
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At today's NATO summit President Obama also discussed the coalition's -- militarily.

And economically chief White House correspondent Ed Henry has the latest.

The power of incumbency President Obama flexing his muscles on the world stage with talk of ending the war in Afghanistan.

I think the good the timetable that we've established is a sound one it is a responsible one.

Are there risks involved and it absolutely posting the G-8 summit at Camp David and then NATO here in his hometown of Chicago.

We're violent protests in the streets threatened to overshadow the series -- There's also a big downside to incumbency these summits drag on with few.

-- solutions to major problems like the European debt crisis which is wreaking Havoc on the US economy.

In the middle of an election season.

I think we all understand though what's -- -- What happens in -- Has an impact here in the United States the president on Saturday latest session on the debt crisis so intense it when an hour and twenty minutes longer than planned.

And then he added a surprise one on one meeting with German Chancellor Angela Merkel.

A short term win for the president the successfully pressed Merkel to ease or hardline push for drastic Euro -- budget cuts.

The G-8 39 point declaration drowning and references to more spending it barely mentioning the -- austerity agenda.

And there's now an emerging consensus that more must be done to promote growth and job creation right now.

In the context of these fiscal and structural reforms -- Over the long term however the president may pay a political price for siding more with France's new socialist president France while -- on a government spending.

Just as the president's budget talks Republican speaker John Boehner beat up here at home and we don't begin to deal with our debt and our deficit -- them honest and serious way.

We're not gonna have many options what's.

I'm not gonna apologize for leaving.

The real issue here is what the president -- and the president took a swipe of his own -- debater and his colleagues as he urged patience for the eurozone.

They've got seventeen countries that that after agreed every step they take so.

You know -- -- I think about my one congress.

That -- start thinking about seventeen congress -- -- start getting.

A little bit pathetic.

President.

Also -- European leaders agree that -- should stay in the eurozone but ultimately it's a decision by its own people a decision with huge ramifications.

For the American economy -- and Henry traveling with the president in Chicago Ed thank you.

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