Opinion: Obama loses gamble -- Chicago out of Olympics contention

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In a stunner, the International Olympic Committee dropped Chicago from contention for the 2016 Summer Games in the first round of voting today. Tokyo was eliminated in the second round.

No word yet from the White House, where President Obama risked political capital to make a last-minute appeal to the committee.

Left in the running: Rio, which boasted it would be the first city from South America to host the Games, and Madrid, home to the former president of the IOC.

-- Johanna Neuman

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