President Obama formally unveiled changes to the nation's hostage policy, saying while U.S. should do everything to rescue Americans, it will not pay ransoms. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) STORY: President Barack Obama formally unveiled changes to the nation's hostage policy on Wednesday, saying that while the U.S. government should do everything in its power to rescue Americans held abroad, it will not pay ransoms. "I am reaffirming that the United States government will not make concessions, such as paying ransom to terrorist groups holding American hostages," he said. The president reiterated his stance that paying ransom to terrorists would put more Americans at risk, but said he was designating a special presidential envoy focused on hostages and their families as well as coordinating efforts with other countries.