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Newt Gingrich soars past Mitt Romney in the polls in three out of four early primary states. Rick Perry makes a push, but is it now a two-man race? Plus President Barack Obama makes a push for the payroll tax cut extensions. Joining Gwen: Major Garrett, National Journal; Charles Babington, Associated Press; John Harwood, CNBC and The New York Times; Alexis Simendinger, RealClearPolitics.com.
On the Webcast Extra: Herman Cain drops out of the GOP race. And as Newt Gingrich rises in the polls, Republicans are beginning to view him as being as electable as Mitt Romney. Plus, President Barack Obama may make a recess appointment for his nominee to the Consumer Financial Protection Agency.