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>> next we'll go to mr. king. he is of particular relevance not only because he chairs the subcommittee that overseas f.b.i. and d. o.j. and treasury and he was a chairman back at the time and sent a letter questioning the sale of this company, sent that letter to the treasury secretary at the time. we're happy he is still here and will be the point person from our committee on the investigation. mr. king. >> thank you, chairman. back in october of 2010 at that time i was the ranking member on homeland security and myself and three other ranking members sent a letter to the treasury department...

earth. i'm wolf blitzer. you're in "the situation room." mitt romney is using ads, web videos, speeches to hammer away at president obama on welfare. romney is taking a lot of heat though over his claims about the administration's policies, but with support from an unlikely ally he's raising the stakes today. here's our national political correspondent jim acosta. >> reporter: wolf, mitt romney is not backing away from his accusation that president obama is trying to make it easier for the poor to receive welfare checks and to help make his case he's getting some help from an old r...

>> and today is peace officers memorial day. president obama paying his respects to police officers killed in the line of duty this year. we'll have is a live report on that as well. >> a lot is going on in the next hour. let's start with claims that new york is being short changed on terror protection funding. that is turning into a war of words between a leading republican congressman on homeland security and the secretary of homeland security, janet napolitano. after new york congressman peter king complained about funding cuts, secretary napolitano september him a letter questioning why mo...