You can watch live coverage on MSNBC. Chuck Todd of NBC News speculates as to what the committee will do. Dan Balz of the Washington Post previews the meeting, and notes, “Clinton will send her team to today’s meeting with a demand that the full delegations from both states be seated in Denver, that each of those delegates be given a full vote and that the delegates be allocated strictly on the basis of the results of the two primaries. But while she has drawn a hard line in the pre-meeting maneuvering, her advisers stopped short yesterday of threatening to take the fight beyond today.” Katherine Q. Seelye of the New York Times highlights a five-hour meeting held on Friday night in advance of today’s meeting.

UPDATE: Chris Cillizza of the Washington Post is live-blogging from the meeting.

UPDATE II: Florida and Michigan delegates each get half of a vote.  The net result was a gain of 87 delegate votes for Clinton and 63 for Obama. Until yesterday’s action, the magic number for winning the nomination was 2,026 delegates. Now the winner will need 2,118. According to a count by the Associated Press, as of last night, Obama controlled 2,052 delegates to Clinton’s 1,877, reports the Washington Post.