Former Massachusetts Governor Mitt Romney is preparing to withdraw from the race for the Republican party nomination for the US presidency.
Mr Romney spent millions of dollars of his own money on the campaign, but fell well behind frontrunner Senator John McCain after Super Tuesday's primaries.
His withdrawal leaves Mike Huckabee and Ron Paul as the only remaining challengers to Senator McCain.
Hillary Clinton and Barack Obama are neck-and-neck in the Democrat race.
A spokesman for Senator McCain refused to comment on his rival's withdrawal.
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"If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator Clinton or [Barack] Obama would win," Mr Romney planned to say at the conference, AP reported.
(BBC)
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