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well. reporter: rice has never run for office, but she s no stranger to presidential politics. by george w. bush s side during his campaigns. she s an intellectual with a good personal story. and a concert pianist. the former secretary of state and national security advisor would bring some needed foreign policy chops to romney s ticket, which brings us to the condi cons. she was a central bush administration player making the case for the iraq war, warning about saddam hussein s weapons of mass destruction that turned out not to exist. there will always be some uncertainty about how quickly he can acquire nuclear weapons. but we don t want the smoking gun to be a mushroom cloud. reporter: some gop sources tell cnn they can t imagine romney would want to reopen wounds from the bush years. last but hardly least, rice s stance on abortion. she calls herself mildly pro-choice . i worry about the government being involved in, but i m like most americans. i think ab ....
angeles where a possible pipe bomb was found at manual arts high school in los angeles. it s home to about 2,000 students and staff. they all had to be evacuated to an athletic field while a bomb squad is inside working to remove the item. there s year-roung classes. we re going to keep our eye on that developing situation while the bomb squad is inside trying to figure out exactly what s going on there in southern los angeles. president obama today held a conference call with members of his economic team including tim geithner and economic adviser larry somerers. the white house says the team provided an update on the next steps to keep the economy growing including assistance to small businesses and extension of tax cuts to the middle lass. it followed a second straight day of unexpectedly grim numbers on home tales, more fuel over what is already a fiery debate heading into the november midterm elections. just today the news that new home sales in july dropped 12.4%, ....