Kentucky Senator Rand Paul will announce that he is dropping out of the presidential race today, according to several news outlets. Paul, who received less than 5% in the Iowa Caucus on Monday, coming in fifth place behind Ted Cruz, Donald Trump, Marco Rubio and Ben Carson.
Paul’s exit follows former Arkansas Governor Mike Huckabee, who dropped out Monday evening after a poor showing in the state he won in 2008.
The libertarian-leaning Rand Paul was initially seen as a leading candidate for the GOP nomination, however, his campaign never gained traction in the still-crowded GOP field.
Paul is reported to be having a conference call with followers this morning before making his announcement official.
It is highly likely that several others will drop out following the upcoming New Hampshire primary.