we ll look at big stories. give you interesting details and go inside information, only a worldwide news organization like cnn can bring to you every single day. we re going to talk to the leaders and newsmakers and also real folks and challenge some of the conventional looks and issues people are discussing today. the starting point this morning is about changing minds in iowa. just 36 hours before the caucuses begin, and it is a statistical dead heat for first place between presidential candidates mitt romney and ron paul, and that means the race for third is on between rick santorum and rick perry, newt gingrich and michele bachmann as well. the good news for them, more than 40% of iowan voters say their minds could be changed. got some breaking news to get to this morning. police are speaking to a person of interest right now in the los angeles arson spree. even as eight more fires were set overnight, surveillance videotape, show you this, shows the person officers want
incredible pictures oust philippines. entire villages may have been wipe out by flash floods caused by a tropical storm. just look at the force of that storm. more than 400 people are confirmed dead now. hundreds more are missing. an estimated 100,000 people have been displaced. you can see them walking in the water in. according to witnesses, residents were in their beds when the deluge struck and water rose so quickly, people had to scrumble on to their roofs to keep from being swept away. cnn spoke with the philippines red cross about the disaster. here it is. this is one quick deep fix we never expected out of what is considered a storm that brought an awful lot of rain, that brought a lot of landslides caused by high t.i.d.e. tides n rivers and all of a sudden you have a flash flood that suddenly kills people in most of the villages in the area, and that is why today we have 436 people dead and over 350 people missing. let s get for perspective. from meteorologist ja
he is due to speak this hour, site of the 1910 address by roosevelt. you re looking at the live picture of the podium where the president will speak. the sticking point with republicans is how to pay for them. you ll hear the president live at 1:55 eastern time right here on cnn. overseas the pressure on the eu eurozone is growing, ahead of another summit, standard and porr s is threatening to down grade the credit ratings, including france and germany that now plan to call for enforcement caps on deficits. greek bonds are already junk. gop presidential front-runner mitt romney has more than newt gingrich on his back. according to a report, the former massachusetts govern ers s office spent $100,000 in state funds to remove records from his four years in office. the money was used to replace computers in his office months before romney launched his unsuccessful campaign for the nomination back in 2008. in addition, his staff had e-mails and other communication from state
and a reminder tomorrow night at 8:00 p.m. is our debate. i ll be back tomorrow at the same time, but for now, jim costa is next. nice to see you in person. this doesn t happen very often, but nice to see you. i m jim aacosta. let s get you up to speed on this november 21st. after months of talks the congressional supercommittee is expected to announce today it simply cannot agree on a debt reduction package. everybody is pointing fingers on what caused the mess. we ll explain that on capitol hill in about ten minutes. speaking of the supercommittee, already markets are reacting badly to fears that the debt committee won t reach a deal. u.s. stocks opened sharply lower today. right now the dow is down over 300 points. this follows last week s losses on wall street, the worse in two months. former fbi director, louis freeh, will lead the internal investigation into the penn state scandal. jerry sandusky is charged with molesting eight boys, some on campus. freeh pledged a
cain for leaking the story is speaking out. plus, lawmakers documents of the bankrupt solar energy company that got a half a billion dollar loan from the obama administration. you re in the situation room. captions by vitac www.vitac.com while herman cain scrambles to try to get in front of the growing controversy, he s raking in lots of campaign contributions. cain s campaign now tells cnn they ve raised an astonishing $1.2 million since sunday evening when news of the accusations first broke. meantime, cain may face new embarrassment and more pressure if one of his accusers is allowed to come forward with a statement. brian todd has been reporting. what are you learning today? going to get to that in a moment, but what we may hear, there are indications that cain s alleged behavior may have cost the national restaurant association up to $80,000. politico reports one of the woman received a payout of about $45,000 as part of her settlement. earlier this week,