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candidates aren't telling you about what is and what is not within their power to change. but first, i'll tell you about a storm that's raging in the distance. it's headed to our shores. it's an economic storm. it hasn't hit yet. we're starting to feel the outer bands of it. those who watch me every week know, i'm generally an optimist. but i understand the u.s. economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they...

under 30 years old, who came to the u.s. before they were 16. they had to have arrived younger than 16. they must have no criminal record and must have a high diploma. they can apply to stay here for two years and after the two years time assuming this policy is still in place apply for another two years and so on into this future assuming the policy remains in place. >> i think we have some sound from the president. >> it makes no sense to expel talented young people who for all intents and purposes are americans and have been raised as americans and understand themselves to be part...

she answers critics who say the announcement wreaks of politics. plus, details of a very rare breach of white house protocol during the president's announcement. we now know who the reporter is who interrupted and visibly irked the president of the united states. i'm wolf blitzer. you're in "the situation room." less than five months before election day a dramatic and controversial change in immigration policy by the obama administration. it announced today it will stop deporting young illegal immigrants who were brought to the united states as children if they meet certain require...

the united states will stop deporting young illegal immigrants who meet certain requirements. we will hear from president obama shortly as he is getting ready to go into the white hous nation. he is going to speak in a few minutes from now and we will have live coverage of the president. all correspondents are covering the aspects of the story. jessica yellin and juan antonio carlos, and also we will hear from the romney campaign and the outspoken sheriff joe arpaio, and the students, and the people who are directly affected by this dramatic change, and this executive order announced...

it is a major development from an administration that's been under fire for record deportations. straight to brianna keilar at the white house who has been following this. it's not a stunning reversal of any policy or anything from the obama administration, but it certainly did come as a surprise that the announcement was going to be made today. >> reporter: this is certainly a very big deal, don, to protect young illegal immigrants. this is something that democrats and some republicans have been calling for in congress for over ten years now and has had a hard time getting through c...