In it, but not of it. TPM DC

Mitt Romney Resigns From Marriott Board

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Newscom / © Roll Call Group

Though no Republicans have officially declared their candidacy, Romney is generally considered one of the frontrunners for the GOP nod. And while the first primary contest is a year away, early polling shows Romney could give Obama a decent fight in 2012. The current TPM Poll Average has him trailing Obama in national polls by a slim 0.3%, 44.8% to 44.5%.

Pizza magnate turned talk radio host Herman Cain announced the formation of a presidential exploratory committee yesterday, typically the first formal step toward a declaration of candidacy. Yet Cain, who has never held elected office, stopped short of definitively launching an official bid for now.