GEPHARDT TO DROP OUT OF RACE

The campaign of Dick Gephardt has announced that he will be pulling out of New Hampshire and South Carolina and will instead return to St. Louis. Clearly this is a prelude to Gephardt dropping out of the race. Expect an announcment some time this week. The question will be who Gephardt will endorse – I could easily see John Edwards benefitting from a Gephardt endorsement based on their similar stances on trade. This could make Edwards viable nationally for the first time. Developing…

UPDATE: Gephardt has confirmed he is dropping out. We may hear him speak as early as tonight.

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