Updated: Republicans have decided on January 3rd for the caucus. Most expect the Democrats to move their primary up as well.

For more information see the 2008 Democratic Primary Schedule & the 2008 Republican Primary Schedule.

From The Caucus:

Republican officials in Iowa are scheduled to hold a conference call at 6 p.m. today (Iowa time) to discuss the pros and cons of moving their caucuses to Jan. 3 or Jan. 5 from Jan. 14. About 20 people, most of them members of the party’s state central committee, are to be on the call.

If Republican official decide to move the caucus up than undoubtedly Democrats will follow. After a year of the media crying out that the campaigns started too early it could be over very soon!