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in this special hour, we're taking a close look at the man mitt romney's asked to join him on the republican presidential ticket, congressman paul ryan of wisconsin. fittingly, romney made the big announcement in front of the battle ship, the "uss wisconsin." ryan is chairman of the house budget committee, made a name for himself here in washington, by battling deficits and fighting for cuts in government spending. listen to how mitt romney broke the news. >> it's an honor to announce my running mate and the next vice president of the united states, paul ryan! [ cheers and applause ]...

>> 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 ...

Change if you take the ryan approach. >> the ryan approach, i was listening to kevin madden earlier saying the idea was not to dismantle medicare but reform it. but once you reach a certain age in this country, you essentially age out of the private health insurance industry unless you want to stay in it for supplemental coverage that you purchase for yourself. the idea is that, in the market right now, it is not that easy to find affordable private health insurance if you are over a certain age, essentially age is treated look a pre-existing condition by insurance companies which i'm sure in ...

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