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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...

hoping to take on the candidate who may pose the greatest challenge to president obama. we are talking about mitt romney. herman cain is live with us here in the situation room this hour. we will talk about what is behind declined in the recent polls. criticism of his 9-9-9 tax plan and much more. i'm wolf blitzer, you're in the situation room. he's the only candidate whose been consistently at the top of the polls in the volatile republican race for the white house. that has mitt romney increasingly targeted by president obama's supporters. now in an unusual move, the democratic n...

flaring and deadly political upheaval. we're learning more about who these young men are and why their families are so frightened. i'm wolf blitzer ayou're in "th situation room." we're coming to you from washington's historic constitution hall, the scene of tonight's cnn republican presidential debate in which we'll focus on national security and foreign policy. in just under four hours, the candidates will walk on stage. it's been ten days since their last face-off an in that time, there have been some dramatic changes in the race. newt gingrich is now at the front of the pack ac...