Chris Carlson / AP

Newt Gingrich Falls Back to Earth

Several surveys released over the weekend found Newt Gingrich's lead erased in Iowa and lessening nationwide. If current trends continue, Ron Paul is well poised to win in Iowa, setting up an Establishment-vs.-insurgency fight with Mitt Romney, which historically hasn't worked out for the insurgent. But whatever happens, it's instructive to look at why Newt's Icarian flight to the top of the GOP primary polls is ending.

Health Reform: How The Drug Companies Won A Big One

$609,000 a day. That’s how much the drug and biotech companies have been spending to influence Congress in the health reform debate, more than any other industry. So it’s no surprise that they have been extraordinarily successful. In the upcoming issue of dead-tree TIME, Michael Scherer and I look behind the scenes at the fight [...]

$40 million for Florida

The Obama folks have a new video out today with David Plouffe asking for money not just to defend against “McCain’s latest lies” but to fund their ground game. In the video Plouffe “opens up the hood a little bit” and tells supporters that they’re budgeting a whopping $39,300,000 for the state of Florida alone [...]