susan mcginnis is in washington with more. good morning to you. >> jamie dimon will do several things today. ella apologize, he will call this an isolated ins den and he will tell members of congress that he has taken steps to ensure this doesn't happen again. jamie dimon will apologize to members of congress today for risky trades the bank undertook that led to huge losses. in prepared testimony, dimon & says we have let a lot of people down and we are sorry for it. the bank took part in a trading strategy known as hedging, which is actually designed to reduce the risk of big losses. dimon will explain today that the strategy backfired increasing risk and leading to at least $2 billion in losses and possibly as much as $5 billion. >> they were betting like you would do at the crap table in las vegas. and they bet the wrong way. >> senator tim johnson shall the head of the senate banking committee plans to ask dimon, how can a bank take on far too much risk if the point of the trades was to reduce risk in the first place or wa

susan mcginnis in washington this morning. as always, thank you very much. >>> coming up on a monday, a milestone in space. china celebrates a successful rendezvous in its latest mission. this is the "cbs morning news." ♪ the freshenator. the buddy system. the do si go. the two-handed tango. el cleaño. [ female announcer ] nothing leaves you feeling cleaner and fresher than the cottonelle care routine. try it. then name it. ooh gas, take an antacid. oh, thanks. good luck. good luck to you. doesn't he know antacids won't help gas? oh, he knows. [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. gas-x is designed to relieve gas. what makes hershey's pure chocolate goodness that brings people together. hershey's makes it a s'more... you make it special. pure hershey's. starting friday, it's sears' big 4th of july appliance event. get up to 30% off all kenmore appliances and floor care. plus, get up to 15% off all other brands. and, an extra 5% off all appliances with your se

susan mcginnis has more. >> reporter: good morning terrell. one remark in particular. the private sector is doing fine. the president said it. the romney campaign is all over this one. it's not the only thing the white house is grappling with right now. the romney campaign is trying to capitalize on president obama's comments on friday. >> private sector is doing fine. >> this new web ad by the romney campaign features people who have struggled during the recession. >> i've been looking for a job for two years. >> the obama campaign says romney is twisting his words and ignoring the rest of his point. that if congress passed the american jobs act, it would put more teachers and first responders to work. >> what the president has said, we need to take urgent action and he's called on congress to do that. >> they're more eager to have a debate over an out of context clause in his remarks than the substance of what he said. >> another issue has the white house and congress at odds. who is responsible for leaking classified national security information to the press. >> it

susan mcginnis in washington with more. good morning to you. >> reporter: good morning. that jobs report gave romney campaign some fresh ammunition against the obama campaign. for for both sides to be shooting barbs this week as they travel around, trying to raise money. president obama and mitt romney will spend the day raising cash for their campaigns. the president was seen with former president bill clinton in new york city. first at a dinner at a private home, then at a gala at the waldorf hotel and then at the great white way barack for president fund-raiser. mitt romney said his supporters say the may unemployment report showing the economy gained only 69,000 new jobs demonstrate the president does not have the right experience to lead the country. >> i'm not voting for anybody for president who's never been an executive, in business and in government. you have to be an executive. it is up to the president to lead. he's not led effectively. >> reporter: romney's senior campaign adviser says the experience the former massachusetts governor gained in office, along w

as susan mcginnis reports, president obama has now asserted executive privilege trying to protect those disputed documents. >> reporter: voting along party lines, the house oversight committee recommended attorney general eric holder be held in contempt of congress for failing to turn over documents related to the gun smuggling operation fast and furious. house speaker john boehner and majority leader eric cantor released a statement saying unless the attorney general reevaluates his choice and supplies the promised documents, the house will vote to hold him in contempt next week. >> if mr. boehner takes this to the house, he will be seen as one of the most extreme speakers. >> reporter: during an 18-month investigation, holder turned over some 7600 documents. holder agreed to turn over more documents if committee chairman darrell issa would end the investigation. he refused. that's when holder asked the white house to invoke executive privilege to protect the documents. the. granted it. democrats say republicans are going after holder in a politically motivated witch hunt. >> instead o

susan mcginnis reports. >> reporter: fireworks lit up the skies in mexico for the g20 summit. they were being set off as word spread that the group will announce today a plan to fight the economic crisis in europe. it calls for government spending to create jobs and growth, something president obama had been pushing for. >> so that the economy grows, the situation stabilizes, confidence returns to the markets. >> reporter: this comes amid concerns that spain may need a bailout as rawflt high interest rates -- as a result of high interest rates on money it borrows. a special discussion took place at the summit between president obama and russian president vladimir pew continue. this one -- putin. this one lasted far longer than expected. >> it lasted for two hours because they were talking about syria and didn't want to stop about talking syria. >> reporter: russian is loading two ships in the sea, a third carrying attack helicopters is headed for syria. russia says it's trying to secure its naval base there. >> we'll have to monitor it closely and determine whether they're doi

susan mcginnis, cbs news, washington. >>> it is 5:51. making news now united nations observers were finally allowed into the syrian town of hoffa. they found most of it abandoned with buildings and the stench of dead bodies. syria's government tries to regain control of rebel strongholds. >>> in colorado authorities evacuated close to 100 more homes overnight as the high park wildfire spread towards new communities. when flames suddenly jumped a ravine some homeowners only had minutes to get out. firefighters have only contained about 20% of the fire. >>> tonight, all eyes will be on daredevil nik wallenda as he attempts to do something no one has tried in more than 100 years and that's walk a tight rope across niagara falls. it steps from the american side to the -- stretches from the american side to the canadian side. >>> now let's take another look at the question of the morning -- >> well, this response was posted on the wusa9 facebook fan page by kala smith, she wrote -- >> well, you can log on to the wusa9 facebook fan page leave

susan mcginnis is in washington with details. susan, good morning to you. >> terrell good morning. armstrong hoped these allegations were over but the drug agency says it has new evidence armstrong's lawyer calls it a vendetta. for seven consecutive years, lance armstrong waved the u.s. flag as champion of the tour de france. now, the u.s. anti-doping agency says he used performance-enhancing drugs during his title runs. armstrong has repeatedly said he never doped. >> we've proven time in and time out there were claims. >> but the drug agency said it recently uncovered evidence that armstrong used epo, as well as blood transfusions, testosterone and court coe steroids from 1996 until 2004. u.s. federal prosecutors close a two-year criminal probe this past february but unlike the justice department, the u.s. ada does not have to prove a crime was committed, only that drugs were used. the drug agency has ten former teammates who have testified that lance armstrong used drugs. it also says armstrong used a campaign of intimidation to keep witnesses from testifying. tyler hamilton is

susan mcginnis, cbs news, washington. >>> authorities in part of northern virginia are issuing a warning about bears that story still ahead. >> coming up, we're also going to look at the weekend's new movies, including abraham lincoln, the value pair hunter. -- the vampire hunter. what? we'll be right back. >>> 5:55 this friday morning. severe weather alert today. you'll see isolated showers out there during the morning hours. 85, though, very warm here. even at 9:00. toward lunch time we'll be pushing 90 with partly sunny to mostly cloudy skies. then this afternoon, see the yellows and oranges pop something those are the thunderstorms that are going to be scattered about. some could have damaging wind gusts. highs in the low 90s. >>> now let's take a look at some of the new movies in theaters this weekend. disney pixar has a new heroine for the youngsters. this princess has big, red curly hair that mirrors her internal feistiness. she brings chaos to her kingdom so she must employ her archery skills and bravery to make things right. >> seeking a friend for the end of the world, two char

susan mcginnis is that the supreme court now with more. >> well, this is a big victory for president obama, the supreme court upheld his key legislative achievement. well this is a disappointment to republicans it was not a complete win for the president. the individual mandate is upheld, it will require all americans to buy health insurance. siding with the courts for liberal justice, john roberts wrote that congress did have the power to pass that reform. because it has the power to tax. >> whatever the politics, today's decision was a victory for people all over this country whose lives will be more secure because of the slot and the supreme court's decision to uphold it. >> the part of the law allows children to stay on their parents' insurance policies until they're 26 but the court struck down laws medicaid expansion that would require states to offer more coverage to the poor. the court's ruling has significant implications both for the future of health care and for president obama's legacy. at the president made passing reform his top priority. but when congress approved in 2

susan mcginnis is in washington with details. susan, good morning to you. >> terrell good morning. armstrong hoped these allegations were over but the drug agency says it has new evidence armstrong's lawyer calls it a vendetta. for seven consecutive years, lance armstrong waved the u.s. flag as champion of the tour de france. now, the u.s. anti-doping agency says he used performance en hassing drugs touring his title runs. armstrong has repeatedly said he never doped. >> we've proven time in and time out there were claims. >> but the drug agency said it recently uncovered evidence that armstrong used epo, as well as blood transfusions, testosterone and court coe steroids from 1996 to 2004. u.s. federal prosecutors close a two-year criminal probe this past february but unlike the justice department, the u.s. ada does not have to prove a crime was committed, only that drugs were used. the drug agency has ten former teammates who have testified that lance armstrong used drugs. it also says armstrong used a campaign of intimidation to keep witnesses from testifying. tyler hamilton is o

susan mcginnis with more. good morning to you. >> terrell, good morning. house republicans scheduled a vote for july 11th to try to repeal this, but it stands virtually no chance of getting through the senate which is controlled by democrats. one thing we do know for sure is that this law, which affects virtually all americans, is moving forward. after the supreme court handed down the momentous decision, president obama called the ruling a victory for the american people. >> it should be pretty clear by now that i didn't do this because it was good politics. i did it because i believed it was good for the country. >> by the narrowest of margins the court voted to uphold nearly all of the law, including the so-called individual mandate that requires all americans to buy health insurance or pay a penalty. in the majority opinion, justice roberts said that while congress could not use its commerce power to force citizens to buy insurance, it could tax those who don't have coverage. that provision goes into effect in 2014. >> the court also ruled insurance co

susan mcginnis is in washington with more. good morning to you. >> good morning terrell. >> jamie dimon will do several things today. he will apologize, he will call this an isolated incident and he will tell members of congress that he has taken steps to ensure this doesn't happen again. jpmorgan chase ceo, jamie dimon will apologize to members of congress today for risky trades the bank undertook that led to huge losses. in prepared testimony, dimon says we have let a lot of people down and we are sorry for it. the bank took part in a trading strategy known as hedging, which is actually designed to reduce the risk of big losses. dimon will explain today that the strategy backfired increasing risk and leading to at least $2 billion in losses and possibly as much as $5 billion. >> they were betting like you would do at the crap table in las vegas. and they bet the wrong way. >> senator tim johnson shall the head of the senate banking committee plans to ask dimon, how can a bank take on far too much risk if the point of the tra

susan mcginnis, cbs news, washington. >> republican lawmakers promise to vote to repeal any different the health care bill the supreme court leaving standing. >>> egypt's new president elect mohammed morsi is scheduled to meet with the head of the country's military council. he won the presidency with just over 50% of the vote. his meeting today concerns a ruling the people council issue -- the supreme council issued last week. it strips the presidential office of much of its power and maintains the military power. tens of thousands of protesters are celebrating morsi's victory and said they will remain there till the power is returned to the presidential office. >>> one person was shot and six others stabbed after a fight broke out at a gaithersburg restaurant. at one point more than 100 people were involved in the brawl at the new red rock cafe. montgomery county and gaithersburg city police were called to the restaurant about 1:30 sunday morning. investigators say the riot began as a fight between two women. other people jumped into the fight. the entire brawl spilled outside and t

susan mcginnis, cbs news, washington. >>le "wall street journal" paul has president obama leading romney but the lead is within the survey's margin of error. >>> republican and democratic leaders in the senate say they've agreed on a plan to prevent student loan interest rates from doubling july 1. the extension will cost about $6 billion over the next year. according to "the washington post," it would be paid for by raising premiums on federal pension insurance. >>> the university of virginia's popular president has been restored to her position. >> after weeks of outcry and protests over her ouster, uva's board of visitors voted unanimously to reinstate teresa sullivan to her post. peggy fox has more from charlottesville. >> reporter: i'm peggy fox in charlottesville where the board of visitors take a unanimous vote reinstating president teresa sullivan. >> i am not good enough or wise enough or strong enough to do everything that needs doing at uva on my own. but you have shown beyond a shadow of a doubt that i am not

susan mcginnis, cbs news, washington. >> president obama's new deportation policy is estimated to affect between 800,000 and 1.4 million young illegal immigrants in the united states. >>> well, at least 18 people have been rescued from a hotel in afghanistan just north of kabul. late thursday, three suicide bombers attacked the hotel taking several people hostage. the attackers were armed with machine guns and rocket- propelled grenades. they spent the night in a gun battle with afghan forces and at least one gunman was killed and one afghan policeman was also killed in the attack. >>> some members of the house republican leadership and attorney general eric holder are willing to negotiate an end to a stalemate over the releast of justice department documents. the move is an amendment by both sides to avoid a constitutional confron station. house speaker john -- confrontation. house speaker john boehner said the house will still hold a vote next week on contempt of congress. >>> he had the job for only eight months. now commerce secretary john bryson has resigned. he suffered a seizure a

susan mcginnis, cbs news, washington. >> the romney campaign chartered an airplane to keep the press nearby so the candidate could address the supreme court's ruling when it comes on health care. >>> the supreme court has ruled that most of arizona's immigration law has to be thrown out. however, the most controversial part of the law, the part many call the show me your papers requirement will stay. >> that provision requires police officers to check the nationality of individuals suspected of being illegal immigrants but while investigating those people for other crimes. here in our region, that means officers in virginia's prince william county can continue to check if people are legal. gary nurenberg explains why. >> do you have your papers? >> i don't think i have them on me. >> reporter: arizona's law requires people to check the immigration status of those stopped or arrested. the scour monday ruled that's okay, but throughout -- but throughout other provisions making it a crime to apply for a job or making it a crime not to carry identification for those who are illegal. >> i

susan mcginnis with more. >> terrell, good morning. house republicans scheduled a vote for july 11th to try to repeal this, but it stands virtually no chance of getting through the senate which is controlled by democrats. one thing we do know for sure is that this law, which affects virtually all americans, is moving forward. after the supreme court handed down the momentous decision, president obama called the ruling a victory for the american people. >> it should be pretty clear by now that i didn't do this because it was good politics. i did it because i believed it was good for the country. >> by the narrowest of margins shall the court voted to uphold nearly all of the law, including the mandate requiring all americans to buy health insurance or pay a penalty. in the majority opinion, justice roberts said that while congress could not use its commerce power to force citizens to buy insurance, it could tax those who don't have coverage. that provision goes into effect into 2014. >> the court also ruled insurance companies can't dis

susan mcginnis is in washington with more. >> reporter: good morning, terrell. it is judgment day for the president. health care overhaul. also a big moment for the supreme court. one of the biggest decisions in the court's history. you can expect both democrats and republicans to try to use the outcome whatever it is to their own political advantage. the supreme court justices have heard the arguments from the lawyers. and the protesters. now, they will announce a landmark ruling on the constitutionality of the affordable care act, the hallmark achievement of the obama administration. among the outcomes, the court could uphold the entire law or parts of it or throw it out altogether. >> i think it's extraordinarily unlikely the law would be thrown out in its entirety. >> reporter: the most controversial provision of the law, the individual mandate requires every american to buy health insurance. the white house says it's necessary to funds other provisions of the bill. >> it will create a problem for the millions of uninsured and congress will need to act to go

susan mcginnis, cbs news, washington. >> this is the first time president obama has asserted executive privilege. in 2007, senator -- then senator obama criticized president bush for overusing it. president bush used it six times. president clinton used it 14 times. >>> the reports have ranged from he's dead to in critical condition to resting comfortable. there's still no way to know the medical condition of former president hosni mubarak. according to egyptian media, the ousted president went into cardiac arrest and had a stroke. his lawyer says that's not the case at all. he had a blood clot in his neck and is in stable condition. >>> posing arguments are scheduled to begin today in the child sex abuse trial of jerry sandusky. the defense rested yesterday without calling the former assistant football coach to the stand to testify. >> he's accused of sexually abusing ten boys over a 15-year period. manuel gallegus are a more -- has more. >> reporter: defense attorney joe ail men dough ya would -- amendola would not say much. a lawyer for one of san dusky's accusers said the prosecuti

susan mcginnis, cbs news, washington. >>> yesterday, the candidates focused on raising campaign cash. president obama attended two fundraisers in new york, mitt romney raised more than $3 million during an event in chicago. >>> a "washington post" article says the u.s. has dramatically expanded covert spying operations in africa. according to the article, the military and u.s. intelligence agencies have created a network of military bases across that continent to help monitor and target mill talents. part of it -- militants. part of it involves small unarmed aircraft disgoesed as private planes. the operation is seen as part of obama administration's plans to expand the use of special operations forces to monitor and kill militant targets around the world. >>> thousands of egyptians are protesting a decision to dissolve the parliament. the ruling by egypt's supreme court constitutional court means the military will write a new constitution which will decide how much power the new president has. the court also ruled egypt's former prime minister can legally run for president. he had pr

susan mcginnis, cbs news, washington. >> the election commission is scheduled to announce the official winner on thursday, but no matter who wins in that official announcement, the losing side is likely to reject the results as a fraud. >>> the g20 summit has come to an end in mexico. president obama's back at the white house. he and leaders from the world's largest economies spent their time focusing on ways to try to keep the financial crisis which is rocking europe from spreading across the globe. the leaders are leaving the summit without announcing any definitive plan of attack. >> over the last two days, european leaders here in cabos have made it clear that they understand the stakes and they pledged to take the actions needed to address this crisis and restore confidence, stability, and growth. >> european leaders are scheduled to have an economic summit of their own at the end of this month. >>> campaign news, republican presidential candidate mitt romney says he is considering florida senator marco rubio as a vice presidential running mate. romney made that announcement last

susan mcginnis, cbs news, washington. >>> there are at least five different investigations into the jpmorgan chase losses. the federal reserve, the office of the comptroller of the currency, the securities and exchange commission, the department of justice and commodities futures trading commission are all conducting inquiries. >>> u.s. attorney general eric holder is saying no to republican demands for an outside prosecutor to investigate national security leaks. at a senate judiciary committee hearing yesterday, holder defended his decision to appoint u.s. attorneys to look into the leaks. he says both men have shown independence and have the ability to ask tough questions. >> these u.s. attorneys are fully authorized consult with members of the intelligence community, to follow all appropriate leads wherever they do lead, and ultimately to prosecute any criminal violations to the fullest extent of the law. they will do an independent and thorough job. but let me be clear. unauthorized disclosures of classified information could jeopardize the security of our nation and risk the safety of

>> susan mcginnis in washington, thanks. >>> to the race for the white house now. for the first time, mitt romney has outraised president obama. romney and republican party raised nearly $77 million in may, compare that to the president's re-election campaign which took in $60 million. it may be a sign that romney's message is beginning to. >> reporter: zoo this inexperienced president with no experience as a leader was simply not up to the task of solving a great economic crisis. >> mitt romney kept up his pressure on president obama thursday while speaking at a factory in st. louis. the presumptive republican nominee says the president has failed to help the 46 million americans living in poverty. >> this is not just a failure of policy. it is a moral fairly of tragic proportion. our government has a moral commitment to help every american help himself. >> president obama has struggled to defend his economic policies, especially after the nation's unemployment rate ticked up last month. on thursday the obama campaign hit the air waves with a new tv ad blaming the

susan mcginnis is live in new york. good morning. thanks for joining us. how is bryson doing this morning as far as we know? >> reporter: good morning, mike and andrea. as far as we know, he's still in the hospital this morning. he's being treated for some injuries. he was treated at the scene when he was found unconscious in his car. he caused to separate collisions. he was treated. as far as we know he's still in the hospital as of earlier this morning. >> what are police saying about what happened and do they believe alcohol played a role? >> reporter: so far there's no evidence that alcohol or drugs played a role. all we know so far is that secretary bryson was driving in his car in his lexus on saturday evening. he was driving alone on a major street. he rear ends another vehicle that had three men inside it. he got out and spoke to these three men. he got back in his car to take off. he hit them again as he was leaving them. two of them were treated for injuries. he then goes further down and hits another vehicle that held a man and a woman. they com