John Kerry: Yep, this Libya war is a stalemate

Kerry said the U.S., NATO and Arab League intervention has given the Libyan rebels “a fighting chance” to oust Moammar Gadhafi’s regime.

The top opposition group there, the Transitional National Council, has made “remarkable” progress in “organizing itself” and drawing up a road map “for the future,” Kerry said.

Kerry said he and other senators are working to “craft and pass” legislation that will allow Washington to funnel some of Libya’s frozen assets to the council.