Perry Drops Out of Race

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By Associated Press

Story Created: Jan 19, 2012 at 11:16 AM CDT

Story Updated: Jan 19, 2012 at 10:01 PM CDT

CHARLESTON, S.C. (AP) - It's good news for Newt Gingrich, who's been trying to unite conservatives behind his candidacy in advance of Saturday's South Carolina primary.

Texas Gov. Rick Perry is dropping out of the presidential race today and endorsing Gingrich. But it doesn't mean conservatives will flock to the former House speaker. Rick Santorum is still in the race, and was endorsed over the weekend by a group of evangelical leaders.

Mitt Romney isn't yet commenting on Rick Perry's decision to leave the GOP presidential race. In a conference call with supporters this morning, Romney continued to target Newt Gingrich and his claim that he helped President Ronald Reagan create jobs.

Romney is facing new questions about his taxes, after acknowledging that he has part of his millions invested in the Cayman Islands. His aides say he never used it as a tax haven.

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