is spending millions of dollars to flood the airwaves with anti-romney attack ads. is this payback time for newt gingrich? i m wolf blitzer and you re in the situation room. president obama dropped a bit of a bombshell a little while ago in an unscheduled appearance announcing bill daily is stepping down after just a year. he ll. replaced by the budget director, jack lou. here s jessica yellin. she s working the story for us. jessica, what s going on over here? well, wolf, first of all the president actually said that bill daley wants to spend more time with his family. let s listen to part of what the president had to say and then we ll talk about it a little bit on the back end. here s the president. obviously, this was not easy news to hear. and i didn t accept bill s decision right away. in fact, i asked him to take a couple of days to make sure that he was sure about this. but in the end, the pull of the hometown, we both love. a city that s been synonymous with