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gloria borger is with us, cnn's chief political analyst. >> both john king and have i been talking to sources as well as peter hanby. none of our sources are steering us away from paul ryan. some of us are steering us towards paul ryan. in fact a few of them are. i think what this shows us, a paul ryan pick is a calculation that mitt romney is going to a different generation, and that he intends to make the fiscal future of the country and the budget issue a real centerpiece of the campaign. i think what is interesting to me, you were talking to john a few minutes ago about joe biden...

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...

>> you are watching cnn breaking news. i'm colleen mcedwards. we received confirmation a short time ago that the republican white house candidate mitt romney is going to reveal his vice presidential candidate. this is going to happen at a major campaign stop on saturday. in the u.s. state of virginia a few hours from now. a little over eight hours from now. we are expecting that announcement to be made after weeks and weeks of speculation. wolf blitzer is with us in d.c. and john king is with us as well. wolf, what are the choices and the possibilities? >> the short -- [ no audio ...