Huckabee And Obama Win Iowa Caucuses

With 97 percent of Democratic precincts reporting:

Obama 38%
Edwards 30%
Hillary 29%

CNN political analyst Bill Schneider called Obama's win an age revolt.

With 85% of Republican precincts reporting:

Huckabee 34%
Romney's 25%
Thompson 14%
McCain 13%
Ron Paul 10%
Giuliani 4%

Turnout was overwhelming. The Los Angeles Times reports almost 335,000 took part in the caucuses.