Here's the exchange:
STEPHANOPOULOS: How about the funding for ACORN?
OBAMA: You know, if -- frankly, it's not really something I've followed closely. I didn't even know that ACORN was getting a whole lot of federal money.
STEPHANOPOULOS: Both the Senate and the House have voted to cut it off.
OBAMA: You know, what I know is, is that what I saw on that video was certainly inappropriate and deserves to be investigated.
STEPHANOPOULOS: So you're not committing to -- to cut off the federal funding?
OBAMA: George, this is not the biggest issue facing the country. It's not something I'm paying a lot of attention to.