News that Republican presidential candidate Mitt Romney is dropping out of the race just crossed the wires at BPP World Headquarters:


BC-USA-POLITICS/ROMNEY (URGENT)
Romney to suspend campaign for US president -CNN
WASHINGTON, Feb 7 (Reuters) - Mitt Romney will suspend his
campaign for the Republican nomination for U.S. president, CNN
said on Thursday, citing three party sources.
(Reporting by Philip Barbara)

CNN's article says Romney will make an announcement today at the Conservative Political Action Conference in Washington, D.C. (We'll cable the speech on our Twitter feed.)

After winning in Massachusetts, Alaska, North Dakota, Utah, Minnesota, Colorado and Montana in Feb. 5's Super Tuesday voting, Romney told supporters his campaign was "gonna keep on battling. We're gonna go all the way to the convention." But John McCain's victories in delegate-rich states — NPR's delegate tally shows him leading with 707 to Romney's 294 and Mike Huckabee's 195 — established a clear front runner for the Republican nomination.

Here's Romney, addressing his supporters on Super Tuesday: