Texas Gov. Rick Perry, who parachuted into the 2012 Republican presidential contest on a surge of upbeat expectations, is expected to exit the contest Thursday, two days before a South Carolina primary in which he was trailing far behind the leaders.
Perry will hold a press conference in North Charleston at 11 a.m. ET, when he'll suspend his candidacy.
Perry almost quit the race after a weak fifth-place finish in Iowa's leadoff caucuses. But urged on by his wife and supporters, he decided to press ahead, skipping the New Hampshire primary and putting all of his emphasis on South Carolina.
In theory, the first Southern primary offered Perry the best opportunity to capitalize on his Southern roots and background as a military veteran. However, the self-inflicted damage he suffered as a result of his stumbling performances in early debates proved too much to overcome.
He was running far back, in fifth place, in South Carolina polling. With Perry out of the race, his support, though only in the mid-single digits, could prove helpful to Newt Gingrich, who has been surging in recent opinion surveys.