Former Speaker of the House Newt Gingrich is officially running for President.
The Republican figure confirmed his long-awaited announcement on Wednesday in a video posted to YouTube, in which he said, "I believe we can return America to hope and opportunity ... There's a much better American future ahead."
At the end of last year, the President signed a law that kept middle-class tax cuts from expiring - preventing the typical working family from facing a tax increase - and extended unemployment insurance to ensure at least 7 million Americans don't lose their benefits as they search for jobs.