Rudy Giuliani to Drop Out of US Presidential Race

The former New York City mayor banked his entire presidential campaign on winning the Florida Republican primary. He basically ignored the Iowa caucuses, and New Hampshire, Michigan and South Carolina primaries.

Now he's paid the price. Two sources in the Giuliani camp told CBS station WCBS-TV's Andrew Kirtzman on Tuesday night that Giuliani plans to pull out of race before Super Tuesday and endorse John McCain for president.

Sources told Kirtzman that the Giuliani is leaving the timing of the endorsement up to McCain so that the former mayor's endorsement can make the most impact.

Giuliani was not expected to drop out Tuesday night.

Rudy Giuliani came in a distant third in the Florida Primary.  Senator John McCain won the state by a small margin.

"We must be a 50 state Republican party," Giuliani said Tuesday night.

Giuliani said Tuesday night he will continue to fight for the Presidency however but pieces of his speech seemed to suggest he was bowing out.  His odds of winning had dropped sharply after peaking at 3/1 just a few months ago.

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Gambling911.com News Wire

Originally published January 30, 2008 9:24 pm EST