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the national front-runner, he has been losing steam. take a look at the latest poll. this is a gallup poll that shows in the beginning of december, just ten days ago, 37% of republican voters say they will pick newt. 22% picked mitt romney. but here's how it looks now. newt's number has dropped to 29%. romney, as no doubt he's incredibly frustrated by, remains the same. but it doesn't go down, remains around the same, 24%. as we've seen in this race, anything can happen in the next few weeks. the swings have been dramatic and certainly didn't require 19 days. so how did the candidate...

passes the republican house. so why do we say failure? well, the republican bill, included a controversial oil pipeline that the president has said he would veto. so, pass, smash. we're at square one. congress again playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the tax cut is popular for everyone, both parties want to pass it. so why are they failing? the bottom line, in one afternoon we found a way ...

federal failure. gridlock reigns in washington once again. now the payroll tax cut proposal passes the republican house. so why do we say failure? well, the republican bill, included a controversial oil pipeline that the president has said he would veto. so, pass, smash. we're at square one. congress again playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the tax cut is popular for everyone, both parties...

i'm erin burnett. breaking news, federal failure. gridlock reigns in washington once again. the payroll tax cut proposal passes the republican house. so why do we say failure? well, the republican bill included a controversial oil pipeline that the president has said he would veto. so pass, smash. we're at square one with congress playing chicken with the clock. there are just 18 days left until the tax cut expires. if it does, the average american will pay about a thousand dollars more in taxes next year. now, this may not be economic armageddon. but because the tax cut is popular f...

>> first to the top story, tonight, president obama continues to play politics, touting the jobs bill in ohio the dow reacting in its own way closing down 391 points. this in response to news from the federal reserve. so the federal open market committee purchased $400 billion if u.s. long-term securities against the g.o.p. urging it not do and it is called operation twist. what is going on here? >> here is what happened we spent $600 billion over 12- to 15-months buying bonds without getting too wonky, that should shrink the government but the fed is using $400 billion of those prin...