President Obama has a huge 13 point lead over Mitt Romney, at least according to the latest Bloomberg News poll of likely voters. In addition, if you believe the poll, Democrats stand a good chance of taking back the House, since they hold a seven point lead in the generic Congressional ballot question.

President Obama’s new move to help undocumented children may already be paying off serious political dividends. The policy change is extremely popular with likely voters.

There is now a near perfectly even four way split between Herman Cain, Ron Paul, Mitt Romney and Newt Gingrich in the Republican Iowa Caucus, according to the most recent Bloomberg poll.

In what is something like the 50th survey to show the same thing, a new Bloomberg poll (PDF) found that by far the top issue for Americans is jobs, and that a clear majority want the federal government to be focused on the priority of creating jobs instead of cutting spending.