Report: Perry To Drop Out Of GOP Race

Texas Gov. Rick Perry is dropping out of the presidential race, according to a report in CNN.

Perry, who trails GOP frontrunner Mitt Romney badly and fared miserably in the Iowa caucuses and New Hampshire primary, is telling supporters he will drop his bid for the nomination, according to CNN.

The Texas governor entered the race in August to much fanfare and immediately topped polls. But a series of disastrous debate performances, including one in which he failed to remember the three government agencies he had promised to close as president, left him behind the GOP pack.

{The Hill/Matzav.com Newscenter}