Minutes ago a source inside the Jon Huntsman campaign told the AP and Fox News that the former Utah Governor is bowing out of the Republican Presidential primary race. A meeting is scheduled for in the morning during which Huntsman and his top aides will discuss the specifics, prior to a formal announcement.
While Huntsman has not as yet formally announced he is dropping out of the race, sources say that the campaign has run out of money. It has been reported that the Huntsman campaign has been flat broke for several weeks, but the candidate was buoyed by his 3rd place finish in New Hampshire and vowed to go on to compete in the South Carolina Republican primary.
The S.C. primary is next Saturday, January 21, but Huntsman's lack of campaign funds has reached such a critical stage that he cannot afford to stay in the race until the primary is held.
Huntsman has struggled to gain traction in the campaign ever since he announced. The fact that the former Utah Governor served as Barack Obama's Ambassador to China has rattled many Republicans, who consider Huntsman to be a sell-out.
Sources indicate that Huntsman intends to endorse Mitt Romney.
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