I am looking for an Saturday Night Live skit from the mid 90s I think. I know it had Will Ferrell in it. The premise was that the tv network could not afford to do the news anymore because of the low ratings. So they put all the news info into the lines of the live noon soap opera. The line I remember most is a comment on chechen rebels.

The dad mentions the chechen rebels and the mom asks "What does that have to do with our son?" Farrell goes "Ah... our son is a chechen rebel? I don't know work with me here!"

It might have had Nacy Walls in it as well. Anyone recall this one?