Inside Washington, Jan. 8, 2012

This week on Inside Washington: Mitt Romney squeaks out a win in Iowa.

Santorum’s shoe-leather campaign pays off with a strong second place finish. Can he keep it going in New Hampshire?

Ron Paul scores a respectable third and captures the youth vote.

An unhappy fourth-place finisher, Newt Gingrich is now out for Romney’s blood.

Meanwhile, the President talks about cutting 500 billion dollars from the defense budget for a leaner, meaner, more agile military force. Is he putting national security at risk?