Obama: Theres No 'Complete Strategy' on ISIS Yet

President Barack Obama admitted Tuesday that his administration does not yet have a complete strategy in the fight against the Islamic State.

"When a finalized plan is presented to me by the Pentagon, I will share it with the American people. We don't have a complete strategy," Obama told reporters at a news conference at the G-7 Summit in Germany.

He said the Islamic State continues to make gains, despite what he calls "significant progress" in the fight against them.

His latest announcement came after meeting with Iraqi Prime Minister Haider al-Abadi.

It has been nearly a year since American troops started returning to Iraq to help forces deal with the Islamic State. The president called the jihadists "nimble, aggressive and opportunistic."

Obama also said Iraqi troops who haven't had U.S. assistance are often ill-equipped to fight, and they suffer from low morale.