Obama Calls Kanye "Jackass"

ABC's Terry Moran set the Twitter-sphere all aflutter when he wrote:

TerryMoran: Pres. Obama just called Kanye West a "jackass" for his outburst at VMAs when Taylor Swift won. Now THAT's presidential.

We've reached out to Moran and will update this post when we learn more.

Now, an ABC spokesperson explains to POLITICO what happened:

"In the process of reporting on remarks by President Obama that were made during a CNBC interview...