Former House Speaker Newt Gingrich speaks at a rally on the night of the New York, Pennsylvania, Connecticut, Delaware, and Rhode Island primaries in Concord, NC on April 24, 2012.
NBC News has learned that former House Speaker and GOP presidential candidate Newt Gingrich will suspend his campaign on May 1, 2012, which will be next week. He's also supposed to endorse Mitt Romney, his nemesis throughout the campaign season. Newt Gingrich leaves the campaign after winning two primaries--South Carolina and Georgia. What will Newt do next? One thing's for certain. We'll still hear from him on television and other venues. Prior to his presidential campaign, he was a Fox News commentator. I wouldn't be surprised if he positions himself for some type of position in the Romney administration. Since he's stepped down from the campaign, I assume some type of deal was reached to retire the campaign debt Newt had accumulated. He had $4.3 million in campaign debt. Rick Santorum also had campaign debt. That's why Santorum resigned. He was far behind in the primary and he didn't have enough cash to continue the campaign.
To read the full story behind Newt dropping out of the presidential campaign, click on the above link from NBC Politics.
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