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Gingrich to exit presidential race next week

NBC News confirms that Newt Gingrich will suspend his presidential campaign on Tuesday, May 1 in Washington, DC, a senior campaign source says.

After a four-hour meeting last night, the former House speaker has decided to end his run. Tuesday was chosen for logistical reasons so his family can come up to the area and so forth.

There is a "high likelihood" he will endorse the GOP nominee at Tuesday's event.