1. Rick Perry to "reassess" campaign
Updated: 12:51 a.m. ET
After a disappointing fifth-place finish in Tuesday's Iowa caucuses, Texas Governor Rick Perry said he is going home to Texas to assess "whether there is a path forward for myself in this race."
"With the voters' decision tonight in Iowa, I've decided to return to Texas, assess the results of tonight's caucus, determine whether there is a path forward for myself in this race," Perry told supporters at the end of the night.
The candidate, once considered a frontrunner in the race for the GOP nomination, earned just 10 percent on Tuesday's contest with more than 90 percent of the votes counted.
"With a little prayer and reflection I'm gonna decide the best path forward," Perry said.
Why the race was so close
Romney remains unloved - but it's his race to lose
Why Michele Bachmann didn't drop out
Romney remains unloved - but it's his race to lose
Why Michele Bachmann didn't drop out
"But I wanna tell you, there has been no greater joy in my life than to be able to share with the people of Iowa and of this country that there is a model to take this country forward and it is in the great state of Texas," he added.
The candidate is still slated to participate in two upcoming Republican debates, but has canceled three days of events in South Carolina. Spokesman Ray Sullivan said the Perry campaign would make no announcements about the future until Thursday at the earliest.
2. Iowa caucus results: Mitt Romney beats Rick Santorum by 8 votes

Republican presidential candidates Mitt Romney, at left, and Rick Santorum
(Credit: Getty)
UPDATED 3:07 a.m. ET
Former Massachusetts Gov. Mitt Romney eked out a narrow victory over former Pennsylvania Sen. Rick Santorum in the Iowa caucuses Tuesday, winning the first contest for the Republican presidential nomination, the Hawkeye state's Republican party chairman Matt Strawn said early Wednesday morning after a long night with the two candidates in a dead heat.
Santorum pulled off a stunning come-from-behind performance in Tuesday's Iowa caucuses, garnering just eight fewer votes than a much better funded and better organized Romney in the closest Iowa contest since the modern caucuses were formed in 1976.
It's a tie so Santorum wins
"Game on," Santorum told supporters gathered in Johnston, Iowa in what amounted to a victory speech before the results were announced.
The devout Catholic father of seven vowed to take his social conservative message to New Hampshire, which holds the first binding vote on January 10. The Iowa caucuses are non-binding.
"With your help and God's grace, we will have another fun night a week from now," Santorum said after offering congratulations to Romney, who now appears headed toward the nomination. Romney is widely expected to win in New Hampshire, where he owns a vacation home.
If Romney wins in the Granite state, he would be the first non-incumbent president to win both Iowa and New Hampshire since their 1976 establishment as critical early states in the nominating process.
Santorum won the support of 30,007 caucus-goers, giving him 25 percent support, while Romney won 30,015 votes -- also 25 percent, Strawn said.
Ron Paul finished in third place 21 percent support. Just weeks ago, Santorum was at the bottom of opinion polls.
Romney offered his congratulations to Santorum, while focusing mostly on President Obama and the general election in his remarks, also made before the final tally was announced.
"This has been a great victory for him and for his effort. He's worked very hard in Iowa. We also feel it's been a great victory for us here," Romney said.
Santorum's strong finish, pulled off on a shoe-string budget, validated the more than 100 days he spent engaged in retail campaigning across the state of Iowa. It also proved that conservative voters are still wary of Romney -- whose resources on the campaign trail far surpassed Santorum's -- in spite of perceptions that he would be the most viable Republican presidential candidate.
Santorum thanked Iowans for "standing up and being bold and leading."
He added, "What wins in American are bold ideas, sharp contrasts and a plan that includes everyone... A plan that says we will work together to get America to work."
CBS News entrance polling revealed that Santorum's supporters were looking for an authentic conservative, while Romney's supporters were looking for a candidate who can beat President Obama.
In his own remarks Tuesday night, Romney focused on targeting Mr. Obama and promised, "I will go to work to get America back to work."
Iowa caucuses: Why the race was so close
Iowa's bad track record for picking GOP winners
Full CBSNews.com coverage: Election 2012
Iowa's bad track record for picking GOP winners
Full CBSNews.com coverage: Election 2012
Technically speaking, the caucuses are largely symbolic -- the results represent the viewpoints ofjust a fraction of the American population. Iowa will send just 25 dedicated delegates (awarded to the candidates proportionally) to the Republican National Convention in Florida, where a candidate will need the support of at least 1,143 to win the presidential nomination. On top of all that, the Iowa delegates aren't officially chosen on caucus night -- they're selected at a state convention in June. (There are also three undedicated delegates who will also attend the June convention.)
The next nominating contest will take place in New Hampshire, where Romney holds a commanding lead. The latest Suffolk University two-day tracking poll out of New Hampshire showed Romney with 43 percent support with Paul coming in second with 16 percent.
In remarks late Tuesday night, Paul argued that he won "one of three tickets out" of Iowa -- "and one of two that can actually run a national campaign and raise the money." Paul has attracted an ardent base of supporters with his libertarian views and has the organization to carry his campaign beyond Iowa.
While he couldn't pull off a victory in Iowa, Paul said his campaign has been successful in "reintroducing some ideas that Republicans have needed for a long time, and that is the conviction that freedom is popular."
Bachmann finished in sixth place with 5 percent support, finishing only ahead of Jon Huntsman, who chose not to campaign in Iowa. The congresswoman did not drop out immediately after the results of the caucuses became clear, but her campaign gave mixed signals as to whether she would stay in the race much longer.
Gingrich, who came in fourth with 13 percent support, blasted Romney on Tuesday night for running a negative campaign against the former speaker. Gingrich never mentioned Romney by name, but he thanked his supporters for enduring "the avalanche of negative ads."
Gingrich commended Santorum for running "a great, positive campaign." He added, "I wish I could say that for all the candidates." Gingrich earlier in the day called Romney a liar on CBS' "The Early Show."
3. Iowa caucus results: Santorum and Romney in dead heat

UPDATED 12:57 p.m. ET
Doors have closed at caucus precincts across Iowa, and early results show Mitt Romney and Rick Santorum in a dead heat with Ron Paul close behind.
CBS News entrance polling reveals Romney's voters are looking for someone who can beat President Obama, while Santorum's voters looking for a true conservative. Paul's voters are male, younger, and many are first-time caucus goers.
With 1,749 of 1,774 precincts reporting, Romney and Santorum were tied for the lead at 25 percent while Paul followed with 21 percent.
After finishing in a disappointing fifth place with 10 percent of the vote, Rick Perry said Tuesday night he is returning to his home state of Texas to "determine whether there is a path forward for me in this race." Rep. Michele Bachmann was in sixth place, with just 5 percent. Jon Huntsman decided not to compete in Iowa.
Full Iowa resultsIowa entrance poll results
Full Republican primary results
The precincts closed their doors at 7 p.m. CT, leaving Republican voters in the Hawkeye State to be the first to weigh in on this year's presidential contest. As of 11:30 p.m. ET, 123,000 were estimated to have participated in the caucuses -- more than 2008 and a record.
The caucus process is straightforward: Registered Republicans at the caucuses pass around paper ballots or may just write their choice on pieces of paper. The results are tallied and called into party headquarters.
On the ground in Iowa: Many still undecided
Iowa's bad track record for picking GOP winners
Full CBSNews.com coverage: Election 2012
Iowa's bad track record for picking GOP winners
Full CBSNews.com coverage: Election 2012
The contest for the Republican presidential nomination has been hard fought over several months, with just about every candidate taking a turn leading in the polls. In both Iowa and nationwide polls, Romney has maintained the support of 20 percent to 30 percent of GOP voters. His GOP rivals, meanwhile, each enjoyed a temporary surge only to lose momentum.
Technically speaking, the caucuses are largely symbolic -- the results will represent the viewpoints of just a fraction of the American population. Iowa will send just 25 dedicated delegates to the Republican National Convention in Florida, where a candidate will need the support of at least 1,143 to win the presidential nomination. On top of all that, the Iowa delegates aren't officially chosen on caucus night -- they're selected at a state convention in June. (There are also three undedicated delegates who will also attend the June convention.)
That said, the caucuses could alter the dynamics of the race. Perry could be the first casualty of the nominating process, after his poor finish, and Bachmann may be reassessing her campaign as well. Their exit from the race could consolidate more support behind Santorum, or it could benefit Newt Gingrich -- in either case, Romney will have to work harder to prove he can get past Republican voters' suspicions that he is too moderate.
Romney's strong standing in Iowa defies the low expectations he set early in the year by paying the state little attention, but he has campaigned there vigorously in the past week. If he can win Iowa, Romney will have greater momentum -- but also higher expectations to meet -- in New Hampshire, where he already holds a double-digit lead.
Since the modern system of Iowa and New Hampshire voting first was created in 1976, no non-incumbent Republican has ever won both. Back-to-back victories in the Iowa caucuses and the New Hampshire primary, which takes place January 10, would be a significant symbolic score for Romney. After finishing second in Iowa four years ago, Romney is prepared for a drawn out nominating contest with strong organizations in several states this year, but he's also looking ahead to the general election.
In the final days of Iowa campaigning, Romney's rivals have sought to derail his lead. Newt Gingrich unequivocally called Romney a liar on CBS' The Early Show, while Paul launched an aggressive radio ad calling Romney a liberal.
Paul has attracted an ardent base of supporters with his libertarian views and has the organizationto carry his campaign beyond Iowa.
Santorum, meanwhile, is finally reaping the benefits of more than 100 days of campaigning in Iowa. He was swarmed by press from all over the world Monday, CBS News political director John Dickerson reports.
Perry and Bachmann have been busy making a final appeal to Iowans, both arguing they are authentic conservatives -- unlike the frontrunners.
SOURCE:http://www.cbsnews.com/
Top 3 T.V. News Stories 1-4-2012
1) Mitt Romney wins the Iowa caucus by 8 votes. Rick Santorum and staffers were elated when the votes came in, and he was second by only 8 votes. Gingrich finished in the 4th spot, while Ron Paul was in third place. Political analyst still agree that Mitt Romney has the greatest chance of being the endorsed Republican Presidential candidate. Newt Gingrich follows a very close second in the poles, with Ron Paul following. Romney has a deep campaign pocket, which gives him an advantage over struggling campaigns like Santorums. The candidates have all arrived in New Hampshire are have started campaigning. Santorum staffers admit that he will have to do very well here in order to stay in the race.
2) Recent studies show the death rate for cancer has been on the decrease for most groups. There has been a great deal of progress made in many types of cancers, however not in those involving teens and young adults. In fact, there has been very little progress made with cancers effecting this group. Researchers say one reason is that this age group is more likely to have cancers that are difficult to diagnose and treat. The age group of 15-39 make up 72,000 people diagnosed with new cancer and there has been no improvement here in the mortality rate.
3) Eleven earthquakes have recently been felt by the people living in Youngstown Ohio. Seismologist believe the faults have been lying dormant until they were triggered by pumping waste water into the wells at the sight of the fault. They says this could have been there for years. Five wells have been suspended while further investigation takes place.
Source: CBS Evening News 1-4-2012
Top 3 T.V. News Stories 1-4-2012
1) Mitt Romney wins the Iowa caucus by 8 votes. Rick Santorum and staffers were elated when the votes came in, and he was second by only 8 votes. Gingrich finished in the 4th spot, while Ron Paul was in third place. Political analyst still agree that Mitt Romney has the greatest chance of being the endorsed Republican Presidential candidate. Newt Gingrich follows a very close second in the poles, with Ron Paul following. Romney has a deep campaign pocket, which gives him an advantage over struggling campaigns like Santorums. The candidates have all arrived in New Hampshire are have started campaigning. Santorum staffers admit that he will have to do very well here in order to stay in the race.
2) Recent studies show the death rate for cancer has been on the decrease for most groups. There has been a great deal of progress made in many types of cancers, however not in those involving teens and young adults. In fact, there has been very little progress made with cancers effecting this group. Researchers say one reason is that this age group is more likely to have cancers that are difficult to diagnose and treat. The age group of 15-39 make up 72,000 people diagnosed with new cancer and there has been no improvement here in the mortality rate.
3) Eleven earthquakes have recently been felt by the people living in Youngstown Ohio. Seismologist believe the faults have been lying dormant until they were triggered by pumping waste water into the wells at the sight of the fault. They says this could have been there for years. Five wells have been suspended while further investigation takes place.
Source: CBS Evening News 1-4-2012
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