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Romney picks Rep. Paul Ryan as his running mate

Conservative pundits have been urging Romney to choose Rep. Ryan because of his budget plan that seeks to curb overall entitlement spending and changes Medicare into a voucher-like system to save costs, something Democrats already are targeting for attack.

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Adding fuel to the speculation, Romney's son Tagg also joined Ryan at a funeral for victims of the Wisconsin Sikh temple shooting with Ryan on Friday, though the younger Romney said he is planning to campaign in New Hampshire over the weekend and is not attending the bus tour. And a plane was tracked Friday on a flight from Boston to Janesville, Wis., where Ryan lives.

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The Wall Street Journal, in an editorial on Thursday, praised Ryan as a strong choice for Romney: "The case for Mr. Ryan is that he best exemplifies the nature and stakes of this election. More than any other politician, the House budget chairman has defined those stakes well as a generational choice about the role of government and whether America will once again become a growth economy or sink into interest-group dominated decline."

Party officials say Republican National Committee Chairman Reince Priebus has been convinced for days that Romney had settled on Ryan, according to multiple people who spoke with the chairman. Priebus, who, like Ryan, is from Wisconsin, was expected to attend Saturday morning's announcement.

Outside Ryan's home in Janesville, there were no cars in the vicinity with government plates. An Associated Press reporter knocked on the door to his home three times and got no answer just before midnight local time. There was a light on in a first-floor room of the two-story brick home atop a hill.

Earlier this week, a Ryan adviser said the family, including the congressman, was preparing for a weeklong vacation to Colorado that was to begin Saturday.

Pawlenty was maintaining his Saturday schedule campaigning for Romney in New Hampshire, an official close to Pawlenty's political team said. The person spoke on the condition of anonymity because the person was not authorized to speak ahead of the formal announcement.

Most of Romney's staff learned of the looming announcement during a 10 p.m. EDT conference call Friday about an hour before the campaign issued a statement. The identity of Romney's pick was not disclosed during the call.

There were signs of a potential announcement as most of Romney's senior staff joined him on the flight from Boston, and the campaign added a last-minute rally to their Virginia itinerary on Saturday.

Earlier in the day, Romney's campaign briefed reporters on the bus tour, making no mention of the impending vice presidential announcement.

"The governor keeps very close counsel on that, and I have no guidance," adviser Eric Fehrnstrom said of any potential event.

Romney's bus tour was expected to include appearances with Portman, as well as two others who had been talked about as possible contenders for running mate: Virginia Gov. Bob McDonnell and Florida Sen. Marco Rubio.

The tour will take Romney through four must-win states in as many days: North Carolina, Virginia, Florida and Ohio. All are battlegrounds where Obama won in 2008. While Obama could afford to lose in one or more of them and still reach the 270 electoral votes needed for another term, Romney almost certainly needs all four to beat him.

IN PICTURES: On the Campaign Trail with Mitt Romney

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