LIVE: Mitt Romney announces Paul Ryan as VP running mate


LIVE: Republican U.S. presidential candidate Mitt Romney has announced his choice to be vice president, if he wins the Novermber election. Romney said Saturday Congressman Paul Ryan will be his running mate. Ryan is a long-time representative from the northern state of Wisconsin. Romnay and Ryan are to appear together Saturday in Norfolk, Virginia to kick off a four-day bus tour. The 42-year-old Ryan has the backing of many influential conservatives. He is chairman of the House Budget Committee, and has been a vocal leader in cutting the deficit by slashing the U.S. budget.