Pittsfield, N.H.
Hours after Mitt Romney eked out a win over Rick Santorum in Iowa, Jon Huntsman, who ignored those caucuses to focus solely on New Hampshire, made the case that the race is still fluid.

On behalf of the Working Group on Egypt, Michele Dunne of the Atlantic Council and Robert Kagan of the Brookings Institution have sent a letter to Secretary of State Hillary Clinton concerning disturbing activity in Egypt.

Last night, after finishing 5th in the Iowa caucus with ten percent of the vote, Texas governor Rick Perry said he was going back home to reassess whether he would stay in the presidential race. "I've decided to return to Texas, assess the results of tonight's caucus, determine whether there is a path forward for myself," Perry said.

DNC chair Debbie Wasserman Schultz went to Iowa to spin the Iowa caucus results. But a funny thing happened when she appeared as a talking head on television: Folks wanted to know whether President Obama would drop Vice President Joe Biden from the 2012 Democratic ticket and instead choose to run with Hillary Clinton.

National Journal's Ron Fournier reports:

The top-5 finishers in the Iowa Republican caucus had widely varying degrees of success in turning money spent into votes received. According to data published by BuzzFeed, showing how much was spent on Iowa media ads by each candidate (or by the super PACs and others who supported them), here’s how many votes each candidate received for every $1,000 spent:

James Novogrod of NBC tweets some developments this morning suggesting that Bachmann's out:

Breaking - Bachmann has apparently cancelled her South Carolina trip; her campaign has called a press conference at 10amCT.

Associated Press: "Gingrich hits Romney, says he'll continue to fight"

Ronald Brownstein: "Why Romney and Santorum Fought to a Draw in Iowa"

Yesterday, I posed five questions about the Iowa caucuses, and the answers are now in. Mitt Romney set a new all-time record for the lowest winning share of the vote (for either party) in the Iowa caucuses — 25 percent — one point lower than Bob Dole’s 26 percent level of support in 1996.

Mitt Romney received eight more votes in the Iowa caucuses than Rick Santorum. The media is spinning this as if it matters who actually receives more votes. It really doesn't. This is a battle for delegates -- a long one. It's not a winner take all election to serve as Iowa governor, senator, or whatever. Thus, it's fair to conclude that both Romney and Santorum won; Bachmann, Gingrich, and Perry lost; and Paul remains a libertarian insurgent who cannot win the GOP nomination because he is too far out of step with the modern GOP.

In the Iowa caucuses, winning isn’t enough. Mitt Romney narrowly defeated Rick Santorum in the first contest in the Republican presidential race, yet his prospects of capturing the nomination were scarcely improved.

The AP reports: 

The chairman of the Iowa Republican party says former Massachusetts Gov. Mitt Romney has won the Iowa caucuses by eight votes. Chairman Matt Strawn made the announcement of the razor-thin margin from Des Moines.