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virginia. ryan monroe is the editor of cnnpolitics.com. he's joining us from our washington bureau. sources telling cnn that it will be paul ryan. what do you think? what do you think he brings to the ticket? >> this is either going to be his boldest move or probably his riskiest mistake. paul ryan is a galvanizing force. for conservative republicans, he's seen as the voice behind conservatism. he is the voice that wants to get rid of medicare. if either of those are truthful, it will be a lightning rod in this campaign. >> why make the announcement today, saturday morning, olympics ...

romneyryan.com already running this morning. and it says, here's a chance to meet your comeback team. links to romney/portman and romney/rubio don't go anywhere. they will make the announcement in norfolk, virginia, at 9:00 a.m. eastern time. that's where he's kicking off a bus tour. brian monroe is the editor of cnnpolitics.com. he's joining me from our washington bureau. good morning. sources telling cnn, the v.p. pick will be paul ryan. what do you think? what would ryan bring to the ticket? >> this is going to be an interesting day for the romney campaign. this selection for mitt...

hard core fiscal conservative it could dramatically reshape the race. we'll tell you how and find out why some are calling romney's choice a big gamble. first now the actual moment when mitt romney revealed his vice presidential pick. it happened two hours ago in norfolk, virginia, the starting point of a four-day, four-state bus tour for the new ryan/romney team. the presumptive republican nominee announced his choice on the uss wisconsin a retired battleship that's now a museum. he called ryan a man of character and values. >> paul's upbringing is obvious in how he's conducted hi...

It, they can do it. you just got to -- >> you can't quit. >> you can't quit, exactly. >> it's nice that you have chosen, obviously, this alternative path. and that gives people hope as well. >> yeah. you know, listen, however you get to that baby whether it's surrogacy, adoption, natural, whatever it is. at the end, all you want is that baby. you know? so it doesn't matter how you get there. >> now we're going to celebrate. that's why we're in new york, we're celebrating national pda day, partner with our friends at nivea. >> that's for the chair. what does national pda day involve? >> it's fu...

Republicans because of the impasse on taxes. at first the republicans refused to raise any revenue at all. then they said we'll agree to raise a small amount of revenue but only in return for making all of the bush tax cuts permanent at a cost are $4 trillion, lowering tax rates for wealthy people even below the bush levels, paying more that by closing a bunch of loopholes. what that would have meant is that the two opportunities for a revenue contribution to a big deficit reduction package, the bush high end tax rates and closing loopholes would both be gone for the next decade for a paltry a...