Rick Perry To Drop Out

CNN reports Governor Rick Perry will drop out of the Presidential race today. The news is confirmed by Politico. As of the minute this report was being written, FOX Business confirmed on-air on the Varney and Company program that Perry will drop out.

Sources believe he will endorse Newt Gingrich.

CDN will report on developments.

UPDATE: Fox Business reports on-air that Perry will hold a press conference at 11am.

UPDATE: At press conference, 11:16 am, Perry officially suspended his campaign and endorsed Newt Gingrich.