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A long shot a short time ago, Herman Cain is shaking up the GOP race. But rising polls numbers brings greater scrutiny. And what happened to Rick Perry’s surge? Also, the President tries to bypass Congress. Plus the clock is ticking on the Deficit Reduction Committee. Joining Gwen: John Dickerson, Slate/CBS News; John Harwood, CNBC/NY Times; Jackie Calmes, NY Times; Janet Hook, Wall St. Journal.
On the Webcast Extra: the panelists respond to the viral Herman Cain video of his campaign manager smoking a cigarette. Also, is there room in the campaign for another front runner? And the Obama administration still struggles to take control of the economy. Plus, the super committee has some wiggle room when it comes to budget cuts.