10:28 p.m. EDT: The White House press office informed reporters that President Barack Obama would make a live televised statement as early as 10:30 p.m. Sunday night. The late hour of the statement is unusual, as well as the short notice — press were notified around 9:45 p.m. EDT of the coming statement, less than an hour's notice. It's notable also that a news lid had already been called, meaning the press had been told their work was done for the day. In the notification sent to press, the news lid was lifted, meaning that whatever this statement is about, it's major breaking news.

10:32 p.m. EDT: CNN reports from White House sources that the statement does not involve Libya, but in fact involves another country that is of major interest to the U.S.

10:40 p.m. EDT: There is plenty of speculation out there about what the statement regards, but Raw Story will wait for confirmed reports before publishing. The statement will happen closer to 10:50 EDT now.