Wednesday, January 4, 2012 – 11:00 a.m.

Here’s the latest from last nights Iowa contest.

U.S. Representative Michele Bachmann (R-Minnesota) is out after garnering just 5% of the caucus voting.

Governor Rick Perry (R-Texas), after saying last night he would re-evaluate his campaign, is now looking ahead to the South Carolina primary later this month.

Former U.S. Ambassador Jon Huntsman is on life support. Expect Huntsman to fold tent after next weeks New Hampshire contest.

Former Speaker of the House Newt Gingrich with temper in tow seems ready to tee-off on Former Massachusetts Governor Mitt Romney in South Carolina.

U.S. Representative Ron Paul (R-Texas), with war-chest in tow, is actively campaigning in New Hampshire and South Carolina.

As always the info is subject to change by the moment.