And we know the name too!
But the biggest news is that the name of the series will be
In response to Mitt Romney's "solution" to the national debt (his proposed funding-cuts of PBS) President Obama told Elmo and Big Bird they better watch out!
Needless to say, the prez made everyone laugh at the outdoor rally held at Cleveland State University on Friday!!
Ch-ch-check it ouutt (above)!!
And CLICK HERE to see how Sesame Street's dealing with the threat.