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Republican candidate Newt Gingrich to quit U.S. presidential race

Republican candidate Newt Gingrich to quit U.S. presidential race

PanARMENIAN.Net - Republican presidential candidate Newt Gingrich plans to drop out of the 2012 race next week, a Republican official said on Wednesday, April 25, according to Reuters.

Gingrich suffered another round of heavy losses in five primary contests won by presumptive nominee Mitt Romney on Tuesday. The Gingrich campaign is deeply in debt.

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"The necessary funds are and will continue being allocated, including those for the purchase of new modern weapons," he said.
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