Fox News confirmed minutes ago that earlier speculation, that Gov. Scott Walker was suspending his campaign for the GOP presidential nomination, was in fact accurate. Walker will hold a press conference at 6 p.m. when he will make the decision official.
The New York Times quotes a Walker supporter as saying, “The short answer is money,” meaning a lack thereof. “He’s made a decision not to limp into Iowa.”
The supporter said that Mr. Walker’s fund-raising had dried up after his decline in the polls and that campaign officials did not feel they could risk going into debt with the race so uncertain. The governor, who was scheduled to be in New York and Washington this week, partly to raise money, had built up an expansive staff, bringing on aides and consultants detailed to everything from Christian conservative outreach to Super Tuesday states. But his fund-raising did not keep pace with the money needed to sustain such an infrastructure.
The latest Real Clear Politics average has Walker in eleventh place in the GOP field at 1.8%.