i'm wolf blitzer. you're in "the situation room." first it's today's new round of attack in the presidential race campaign and the much winning battleground state of ohio this afternoon. president obama slammed the tax proposals, warninging they'll send thousands of u.s. jobs overs overs overseas. > the romney campaign is accusing them of another dishonest attack. why did the president level this new corporate tax attack on romney in ohio? >> reporter: well, wolf, the president is trying to draw sharp contrast between his campaign and romney's campaign, trying to suggest romney is looking out for the people at the the very top. specifically in ohio the people are making the argument that romney supports are eliminating tax. this will lead to job creations overseas. and that will come at the expense of jobs in ohio. >> we have not found any serious economic studies that the economic plan would actually create jobs until today. i've got to be honest. today we found out -- there's a new study out by nonpartisan economists that says romney's economic plan would create 800,000 jobs. there's only one problem. the jobs wouldn't be in america. >> now, wolf, if you listen carefully to what the president just said, he said this u report came from a nonpartisan economists. records show that economist, kimberly claussen has donated almost $500 to the president's campaign this campaign cycle and has given thousands of dollars to democrats and and democratic causes. so that calls into question what the president referred to as a nonpartisan report. and one other point, the same thing that the president is pointing attacking mitt romney and his own economic advise advisers. >> looks like sloppy staff work for the obama campaign. it doesn't appear the bain attack is going away at all. do they think this line of attack is sticking? >> they certainly do. they're not apologizing at all for coming down very hard on romney on bain capital. they think it is sticking in ohio and other battle ground states. some places that voters are starting to place very close attention to, romney's business experience. they're asking questions in light of the attacks. they believe it is working. it is a legitimate issue to bring up and ask questions about. and they'll continue doing it. romney is dead set against releasing more than twoears worth of returns, insisting he won't give democrats more material to quote. make a mountain out of and distort. what are you picking snup. >> mitt romney is sticking to his guns on his tax returns despite growing pressure to release more of his records. >> well, first of all we've complied with the law. >> what mitt romney made clear to cnn last friday is he will only make public his tax return. >> those are the two years that people are going to have. >> -- did not sit well with conservatives on the sunday show. >> he should release the tax returns tomorrow. it's crazy. take the hit for a day or two. >> the costs of not releasing the returns are clear. therefore he wants to calculate there are higher costs. >> standing firm, romney told fox there's some precedent on his side. >> john mccain ran for president and released two years of tax returns. john kerry ran for president. his wife who has hundreds of millions of dollars never released her tax returns. somehow this wasn't an issue. >> but the republican complaints are music to the ears for the obama campaign, which fired off this tv ad, featuring romney singing "america the beautiful" to some of his foreign investments. >> the romney campaign cued up the own music video. the president belting out a love song to companies that got energy loans in exchange for campaign contributions. romney camp maintains they left bain in february of 1999, despite federal documents showing he was still ceo in the years that followed. the obama campaign says bain was outsourcing jobs. >> he took a leave of absence and ended up not going back at all and retired retroactively as a result. >> romney could change the narrative by announcing his vice presidential running mate this week. his campai another vp said the hill met with romney's vetting team. then there's ohio's rob portman, attacking the parking light just before mr. obama's event in the same state. >> he's making a big election about small things. he's attacking mitt romney on a personal basis because he doesn't want to talk about his record. >> a top romney aid says no decision has been made. he says it could happen any time between now and the convection, but it will only happen after a decision has been made and no decision has been made. there's a lot of speculation out there on twitter. he reported he could maintain the vice presidential running mate this week. his campaign schedule over the next couple o dafs takes him into pennsylvania and ohio. he's running out of times before the overseas trip next week to make the decision. >> he has to do it before the olympic games. he's going to be gone next week and not going to do it then. >> that's right. he could reach a narrative by naming the vice presidential running mate this week and getting everything off of bain. the olympics could change the narrative also. it may be in his best interest to do it. wednesday he will be in toledo. he named sarah palin ohio, ohio, ohio. >> thank you for your time. >> thank you. let's look deeper into the romney campaign's latest accusations of political cronyism against the president. some specific examples of the romney campaign and what it's highlighting. what are you finding out. >> well, wolf, the romney campaign has tossed a new grenade on the grill. that web ad featuring president obama singing while ose ominous words appear. the implication is that obama donors are getting government contracts. while democrats and republican alike often reward top campaign backers with access and with jobs, the sharpest accessiccusas people who give barack obama money get government business. what's worse, they exclaim one of the companies used your tax dollars to ship jobs overseas. first of all they point to this fellow who a big democratic fund-raiser. there he is right there sitting next to the president. let's follow the trail, according to the romney people. they say that big donor there is appointed to a white house council on jobs. the private company invest in the electric car company called fiscar automote i. they are approved for a half billion dollar loan from the automotive industry. and fisker ends up having the first cars made in finland. >> what else have you found out when you dig for more details. >> well, what we find, wolf, is a totally different story. fisker tells us they got involved in a government loan program. it was back during the bush administration fisker raised about a billion dollars from investors. yeah, he's a wealthy guy. just one of the guys out there. furthermore, fisker, we asked, has your company ever been aware of any political favors. their answer, absolutely not. as for the fabulous looking cars that they're making and the jobs in finland, well both fisker and the department of energy confirmed the contract network was struck well kbfr the loan was granted and an audit found no max money went overseas but instead it went to fisker. in the end, although there is evidence with every president that, in fact, they do have time where they spend rewarding the donors of jobs and positions, that happened on both sides. that is flat out false. >> thank you very much. continue this kind of work for us. there's important medical news coming into "the situation room" right now that we'll tell you more about. first, government-approved medication to reduce the risk of the virus that causes aids. also, a pssible comeback for a former u.s. congressman who quit last year over a lewd photo scandal. anthony weiner, you see him there. plus, who pulled the plug on paul mccartney and bruce springsteen? d's life. purina one discovered that by 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silhouette briefs for charity to prove how great the fit is even under a fantastic dress. e best protection now looks, fits and feels just like underwear. we invite you to get a free sample and try one on too. let's get right to jack cafferty for the cafferty file. jack? >> wolf, mitt romney might have a shot that might work in his favor. speculation has been rampant for several days now that former secretary of state condoleezza rice might be on romney's short list for vice president. unlike sarah palin, who all but destroyed john mccain's chances, rice might be just what the doctor ordered for romney. she's smart. she has foreign policy credentials unquestioned. and she would certainly make the ration a lot more interesting than it is now. romney is getting his nose bloodied by the president who insists on pounding on bain capital and romney's tax returns. romney has been unable to make the race about the economy, which should make president obama unelectable. romney needs a spark. rice would immediately tap into african-americans and women, two areas where president obama all has substantial leads. whether or not she would agree to been o the ticket remains a question. she said in the past she's uninterested. anyway, you have to love the idea of condoleezza rice. she would have immediately energized the whole deal wchlt the start of the summer olympics fast approaching, the president and mitt romney are going to be hard pressed to get media coverage. condoleezza rice would help in that department, too. here's the question. how much would condoleezza rice help as vp for the romney campaign? wolf. >> all right, jack. thank you. meanwhile, an important medical breakthrough today in the fight against aids. the u.s. government has just approved the first medication to reduce people's risk of become infected with a virus that causes aids. elizabeth. this drug, is it already on the market? what's going on here? >> reporter: wolf, it's already on the market. it's just on the market now to treat people who already have hiv. the big news here is now people who don't have hiv, who are healthy right now can take it to prevent getting infected. so it's really meant for high ri groups like gay men. >> some groups lobbied against the new drug. why is that? >> it's because the drug does have some serious side effects. some people have bone thinning. some people develop kidney problems while they're on the drug. and so the concern for some is why tell a healthy person to take a drug that can hurt them, when, for example, in the case of gay men you can tell them to wear condoms and that would decrease their risk of getting hiv. >> how much does this the drug cost? >> you know, wolf. it is expensive. it's like $1200 a month. it will be interesting to see if insurance companies are going to pay that much for is not 100%. it decreases risk by 62%. and also you're giving it to healthy people to make sure they don't get infected. >> we'll have lot more on our 6:00 p.m. eastern hour. he will be joining us live in the 6:00 p.m. eastern hour. thank you. the secretary of state hillary clinton took some time out during her stop in israel today to talk with cnn during our 5:00 p.m. eastern hour we're going to ask her about the reception she received in egypt. there was a crowd there in alexandria throwing tomatoes and shoes at her motorcade. te interview with hillary clinton is coming up at the top of the next hour. coming up next, the u.s. navy opens fire on a boat in the persian gulf. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. you'll inevitably find yourself on a desolate highway in your jeep grand cherokee. and when you do, you'll be grateful for the adaptive cruise control that automatically adjusts your speed when approaching slower traffic. and for the blind spot monitoring that helps remind you that the highway might not be as desolate... ...as you thought. ♪ like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. lisa sylvester i monitoring that development and other top stories in "the situation room" right now. what's the latest, lisa? >> hi, wolf. u.s. officials say it appears one person was killed and three others badly wounded when a u.s. fuel resupply ship fired on a small boat that came too close in the persian gulf. officials tell cnn tit shot at the smaller boat. they say the smaller boat failed to respond to repeated warnings from the navy ship before it fired several 50 caliber rounds. that incident is urnds investigation. and four days of searching. almost 1,000 volunteers, countless man hours and still no sign of two young cousins in iowa. officials are still looking, but they have suspended the effort to find 8-year-old elizabeth collins and 10-year-old lar ra cook. the girls were last seen on friday righting their bicycles. the chief says it's like they vanished. and no more msnbc.com. microsoft and msnbc are rebranding itself. msnbcnews.com. nn. it's all confusing when you consider the cable channel msnbc remains the name, even though microsoft ranks were there long ago. and how do you make 65,000 fans angry at a dream rock festival pairing bruce springsteen with paul mccartney. they were playing together for the finale of the three-hour show. springsteen was in the zone. and in the middle of twist and shout, oh, no. the power was cut. yes. the power was cut. london's local council said it was past curfew and they were sticking to it. i'm sure, wolf, those fan ls must have been pretty unhappy. >> they were just beginning to rock 'n' roll. that's sick. occasionally you have to break the rules a little bit especially if sir paul mccartney and springsteen are performing together. >> that's a concert i'm sure you would love to see, right? >> i would love to. maybe cue up the music for the viewers and pay a little bit of that if we have time. >> it's one of those great moments. look at that. to classics. ♪ >> all right. good for them. at least they got to be there. better than nothing. but it could have gone on. thanks, lisa. mitt romney wants an apology from the obama campaign after comments suggesting potentially he committed a felon in connection with his partnership from bain capital. is he likely to get an apology? i'll ask stephanie cutter. she's standing by live. and next, technology may be taking the risk out of potentially dangerous situations for soldiers and s.w.a.t. teams. we're 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