WALLACE: But this week the president kept saying over and over again, there's no rush for North Korea to give up its nuclear weapons, to give up its missiles, the key is no testing and according to intelligence reports, U.S. intelligence reports, in the last year while they have not tested, North Korea has produced enough nuclear fuel for five to seven more nuclear weapons.
So I guess the question is, in effect, despite what you said, despite with the president said, aren't you accepting North Korea as a nuclear power, and haven't you, in fact, given a big concession, which is that in return for no testing, you've agreed to cancel major joint exercises with the South Koreans?
BOLTON: I don't think the president sees it that way at all. The objective of making sure that North Korea denuclearizes is still the policy of the administration. And I think --
