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stands to pay $1,000 more in taxes in 2012. there seems to be bipartisan support for extending it but as usual, no agreement on how to pay for it. candy crowley is cnn's chief political correspondent and anchor of "state of the union." political theater aside, you think congress will eventually get this done? >> i absolutely think congress will eventually get this done. particularly because we have seen republicans now saying we even the senate republican leader mitch mcconnell said even if you don't believe that this actually helps the economy, it certainly will help the people that...

with president obama and the first family, but he's with me this hour to explain more. i'm wolf blitzer. you're in "the situation room." he's come on through the rise and fall of michele bachmann, but this time, it might be different for mitt romney. newt gingrich is now posing a threat to romney's persistent high polling, opening up a new battle line in the republican race for the white house. joe johns the working the story for us. what's the latest between romney and gingrich? >> well, mitt romney has spent most of this campaign in a fairly comfortable position, but his organiza...

i'm wolf blitzer. you're in "the situation room". -- captions by vitac -- www.vitac.com we begin with breaking news on wall street. a dramatic rescue and equally dramatic reaction on wall street. the stock market skyrocketing today on new that is the federal reserve and other central banks are taking direct action to prevent a financial meltdown in the euro zone using the their resources to keep money and credit flowing amid the staggering debt crisis. it's the largest coordinated move of its kind since 2008 when similar action brought u.s. credit markets back from the brink. let's...

-- captions by vitac -- www.vitac.com republican presidential candidate herman cain tells his staff he is reassessing the viability of his campaign less than 24 hours after he dropped a political bombshell right here in "the situation room." during my interview with him yesterday, cain revealed that an atlanta woman is claiming she and cain engaged in a 13-year extramarital affair, a claim cain flatly denies. coming on the heels of sexual harassment allegations, this leaves his campaign in a very, very precarious position. what's the latest on the herman cain, joe? >> wolf, with al...

what would you say, i never asked you this, what's your key to understanding money? >> my question is we must live below our means and put a little away to build future. it gives cushion and that allows a less stressful life, quite frankly. >> this is why we've been fighting. >> you don't put money away. >> i think it's something you should use to get more money, seize opportunities, take measured risks. >> he likes to risk his, i like to save my, i don't want to lose it. that's frankly a way a lot of spenders and savers are. >> she has a minivan. >> and he has a motorcycle. a perfec...