$3 billion in losses, between april and june, bringing this year's total losses to $5.7 billion. the agency could default on payments to the government as early as next month. >> honda is recalling about 1.5 million vehicles across the u.s. the automaker says they need to update automatic transmission software to prevent transmission damage. chrysler has issued a recall of over 367,000 minivans, this time over faulty air bags that could deploy. that's it from cnbc first in business worldwide. ezra, back to you. >> thank you, hampton. you know, we've promised you at the end of the show today something a little less depressing than everything that has come before it, that points the way toward the future maybe we can not only survive in, pay off our mortgages but be proud of. the big lie of the economic crisis is it began in 2007. to understand where we need to go from here you need to go long