VELSHI: All right, it's time now for a CNN Political Update. Our senior political editor Mark Preston has just learned where next year's Democratic National Convention will be. Mark, there were several cities were competing. Who's the winner?</s>MARK PRESTON, CNN SENIOR POLITICAL EDITOR: Big news for charlotte, North Carolina, Ali, one of four cities that came down to the final choice. Democrats just a few hours ago chose Charlotte, North Carolina. Cities that did not do well, Ali, St. Louis did not win out, Cleveland did not win out, and Minneapolis did not win out. In fact, the mayor of St. Louis has some choice words for Democrats and said that he thinks that the decision was made because of electoral reasons and the fact of the matter is John McCain won Missouri back in 2008; President Obama won North Carolina in 2008. So big news for charlotte economically. It could mean upwards of $160 million. That's what they suggested is the economic impact on Denver, which hosted the 2008 convention -- Ali.</s>VELSHI: All right, Mark, good to see you. Thanks very much. Mark Preston. Your next Political Update from "The Best Political Team on Television" just one hour away. We're taking a break. I'm going to bring you up to speed on the big story today, the weather that's going on across the country. Stay with us.
Charlotte, North Carolina to Host 2012 Democratic National Convention