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situation room. but first, a stunning new shift in the republican race for the presidency. our new polls shows gingrich gained 14 points since october. that puts him in a virtual tie for the lead with mitt romney. herm yan can dropped 11 points. that puts him in a battle for third place right now with rick perry. ron paul and michele bachmann follow with jon huntsman and rick santorum rounding out the field. herman cain's plunge comes as he struggled with allegations of sexual harassment going back pour than a decade. now herman cain's wife is speaking out, but she isn't the only o...

herman cain has been flying high. a leader in the republican nomination. suddenly there are stunning allegations of sexual misconduct, threatening to potentially dramatically hurt his campaign. they date back to the 1990s, brought by two women who reportedly received a financial settlement. herm yan cane flatly denies the jl gagss. they were first reported in politico. he says the allegations are totally false but why was his campaign seemingly caught flat-fooded by something going back more than a decade. joe johns has been digging teeper into this for us. joe, what are you finding....

top of the hour. i'm martin savidge, in for brooke baldwin. herman cain is on damage control. many employees forced to pay more because of weight or lifestyle. and millions right now without power. it is time to play reporter roulette. joe johns in washington, the political world is abuzz involving herman cain. what's the latest? >> the latest is that herman cain says this is a witch hunt. this all started with a report in politico which claimed that there were two women who charged him with various forms of sexual impropriety, if you will, improper conduct, in the 1990s when her...

issue many people thought would settle. i'm wolf blitzer. you're in the "the situation room." president obama is going around congress for his latest plan. he is out west focusing in on the ongoing housing crisis that continues to drag down the u.s. economy. he wants it make it easier for a homeowners who are under water to refinance and he is unveiling his plan in one of hardest hit housing markets in the country. we are talking about las vegas nevada. jessica is joining us now with details. jessica, what is the president doing? >> he is rolling out a new plan to help homeowners d...

>> if you start that kind of fight, you have to finish it. i don't think he finished it. >> a let's start with the polls then. mark murray is nbc news deputy political director. then we will get to the gop debate performance after this. let's look at how significant it is here, mark, that cain is leading romney in south carolina. what do you think? >> richard, it is important to know these polls, taken before last night's debate. but south carolina and florida will be pivotal contests for the republican primary season since 1980, the winner of the republican primary and south carolin...