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Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-7pm ET on CNN.

Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-7pm ET on CNN.

BLITZER’S BLOG: Romney repudiates using Rev. Wright in ads
Rev. Jeremiah Wright speaks at the National Press Club in 2009
May 17th, 2012
04:04 PM ET

BLITZER’S BLOG: Romney repudiates using Rev. Wright in ads

By Wolf Blitzer, CNN

Washington (CNN) -
It didn’t take very long for Mitt Romney and his campaign to run away from a strategic political proposal to use the Rev. Jeremiah Wright in new ads to trash President Barack Obama.

I was not surprised.
FULL POST

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Filed under: 2012 election • Barack Obama • Jeremiah Wright • Mitt Romney • Wolf Blitzer
Saverin: I'll pay taxes on anything I earned as a U.S. citizen
May 17th, 2012
03:20 PM ET

Saverin: I'll pay taxes on anything I earned as a U.S. citizen

Eduardo Saverin is speaking out after Sens. Chuck Schumer and Bob Casey introduced legislation that would prevent the Facebook co-founder from ever returning to the United States.

Saverin, who will become astronomically wealthy on Friday after Facebook goes public, struck a nerve with the senators after he renounced his U.S. citizenship, making him likely to avoid capital gains taxes on his Facebook shares. Saverin now lives in Singapore.

Full Statement from Saverin:

My decision to expatriate was based solely on my interest in working and living in Singapore, where I have been since 2009. I am obligated to and will pay hundreds of millions of dollars in taxes to the United States government. I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen. It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation.

As a native of Brazil who immigrated to the United States, I am very grateful to the U.S. for everything it has given me. In 2004, I invested my life’s savings into a start-up company that initially was run out of a college dorm room. Since then the company has expanded dramatically, has created thousands of jobs in the United States and elsewhere, and spawned countless new companies across the United States and other countries.

I will continue to invest in U.S. businesses and start-ups, and believe and hope that those investments will create many new jobs in the U.S. and globally. I also hope that these investments will create opportunities for many other individuals to start companies and benefit society.

– Eduardo Saverin

RELATED STORY: Senators to Saverin: Don't come back. Ever.

Tune to Situation Room today from 4-6pm ET for the latest on Facebook's IPO and the legislation against Saverin.


Filed under: Facebook • Tech
May 17th, 2012
01:23 PM ET

Romney aides block reporters

Romney aides, Secret Service agent block reporters from asking questions at a campaign event.

RELATED STORY


Filed under: Situation Room
May 17th, 2012
01:20 PM ET

Sen. Sanders: Time to break up banks

Sen. Bernie Sanders tells CNN's Wolf Blitzer JPMorgan's billion-dollar loss means it is time to break up large banks.

RELATED STORY: FBI opens investigation into JPMorgan trade loss updated 1 day ago


Filed under: Bernie Sanders • Finance • Interviews • JPMorgan
May 17th, 2012
01:17 PM ET

New tech creates user-focused billboards

New technology from OnStar could create driver-focused billboard ads. CNN's Lisa Sylvester reports.

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Filed under: Lisa Sylvester • Tech
May 17th, 2012
12:33 PM ET

Searching for clues in Miss. killings

Mississippi drivers are told to be on alert after two suspicious killings. CNN's Mary Snow reports.

RELATED STORY: Ballistic testing shows highway shooting deaths connected, source says

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Filed under: Crime • Mary Snow • Mississippi