julia chatterley has more from lake cuomo, italy. >> reporter: may be tranquil here in lake cuomo in italy, but i can tell you, the talk was tough. discussing just how europe can compete with the u.s. going forward and get its growth back on track. it's a meeting that takes place twice a year bringing together global leaders, ceos, also investors to discuss the event taking place in the financial markets today and greece to accept the stage. yans arrived here early and a barrage of questions from journalists. he talked about the possibility of a greek exit from the euro zone and the markets. he said, rook,look they've got it wrong in the past and again. again he talked about the possibility of debt restructuring. we know what the germans feel about this. they don't want rising hassles across the euro. he taufbed the european central bank the live slug of money in the economy right now. he said, look, they're treat it harshly. he reiterated it again. there's so many open questions about how greece finances itself in the short-term. he said they'll come up with a reform plan early, but

for "nightly business report," i'm julia chatterley in brussels. >>> still ahead, a key tax deadline is looming and if you miss it, it could cost you a lot. >>> general motors ceo mary barra will be deposed after a defective ignition switches. testify under oath in october along with other current and former gm employees. in addition to the lit station st litigation could result in a fine. >> house speaker boehner and nancy pelosi close to fixing a long standing problem with medicare. temporary patches override so that physicians don't take a major cut in reimbursements. this deal being hashed out would make a fix permanent. >> i'm encouraged by the progress our committees are making and permanently resolve the so-called doc fix. as you all know we've had to patch these doctor payments 17 times over the last 11 years. i've been committed to finding a permanent solution to this problem. it's a chance to get rid of washington's most infamous budget gimmicks but it's also an opportunity to make structural reforms to medicare and real savings to taxpayers. >> the deal isn't done yet but

for "nightly business report," i'm ulia boors julia chatterley in brussels. >> sent the oil higher. west texas crude up $45.72. commodity higher for the week snapping four weeks of losses. in the meantime the oil recount continues to fall. according to baker hugz the number of rigs drilling for cut cut to $8,025. the lowest number in four years. >>> may be more insulated from the moves in the dollars we explained a moment ago is small company shares since those companies do most of their business within the united states and today, the russell 2000 small cap index hit a record there. that's where our market monitor looks for investment opportunities. sandy sandy villery. good to have you with us. do you agree with the guest who in the earlier piece said there are a couple of reasons why she likes small caps now. one of them is the dollar thing. one is they underperformed dramatically far while. at some point, this is probably going to swing back the other way. >> i'm a long-term nvrs for f. you go back to 1926 longer than any of us have but small caps outperformed 2% annually versus