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Detailed text transcripts for TV channel - KGO - 20111227:11:32:00

Latest numbers find the race too close to call. that s right the new gallup poll shows gingrich ahead with 26%. romney with 23%. ron paul is distant third. his campaign could offer a surprise. abc s ron claiborne looks at what is at stake this week in iowa. reporter: here come the air wars. both rick perry and mitt romney launched new tv ads for the run in iowa. that s the reason i ve called for a part-time congress. balancing budgets is desperately needed. reporter: newt gingrich preparing to put out a new round of attack ads. gingrich is still reeling from the setback this past weekend when he failed to qualify for the primary ballot in virginia because heave didn t have enough ballot petition signatures. the catch-up newt is having to play organizationally, the state he lived in many years, virginia, he condition even get on the he cannot even get on the ballot. reporter: at the moment the iowa race is so bunched up, gingrich, romney or ron paul could come out on top ....

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