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major setback for egypt. who is running the country? the constitution was ruled invalid today in egypt, and said that anyone elected under it has to go. egypt's military rulers took over all of the legislative pow, and it is already a tense time politically as the egyptian voters will choose a president in a runoff election this weekend. and the prosecutors in the jerry sandusky child molestation trial will wrap up the case today. one of the victims is an alleged victim whose mother called authorities after her son told her that he had showered with sandusky. he is accused of abusi...

but they conceal some very real dangerous designer drugs blamed for horrifying acts of violence. i'm wolf blitzer. you're in "the situation room." it may be the most crucial of the battleground states, and today barack obama and mitt romney are turning ohio into their personal battleground. the slug-fest takes the form of rival speeches. but one candidate started swinging before the bell. let's go to jim acosta. he's watching it all unfold. what's the latest, jim? >> wolf, they were almost duelling speeches, campaign events in the same state on the same day at almost the same tim...

in a presidential election run thauf weekend. we should tell you that riot police, military personnel have taken up positions outside the court. ben wedeman joins us in just a few moments with the latest on this. as soon as we get ben wedeman, we'll bring it to you. back to the u.s. you know the old saying, when it rains it pours. for the obama campaign it appears to be a gully washer. lately the president has had some bad poll number, some bad headlines, some democrats are expressing doubt about his message and his chances come november. big donors are sitting tight with their mon...

i'm wolf blitzer. you're in "the situation room." the largest bank of the united states is called to before congress to explain a $2 billion loss that one lawmaker compared to russian roulette. jpmorgan chase ceo jamie dimon appeared before congress saying he could not defend or justify the trades that ultimately imploeded. liz zi was there watching it all unfold. and it was very dramatic. >> it was very dramatic. i've known jamie dimon and covered jamie dimon for a long time, wolf. usually when he comes to washington this is a town where he's received with open arms, even at the whi...

ironically, from the chase department in charge of mitigated risk. my colleague, christine romans watching this hearing from her post in new york. the department that's supposed to mitigate risks made these risky trades and now he is having to answer questions. it's obvious why congress wants to know why these stupid trades were made. >> yeah. he says, you know what? i'm not going to defend it, because it violates common sense. it shouldn't have happened. what was, maybe should have been a legitimate, bona fide macroeconomic hedge, morphed into something else, he says, and he did not...