Jon Huntsman to drop out of Presidential race

Republican presidential candidate Jon Huntsman will drop out of the presidential race on Monday.

A senior official with the former Utah Governor's campaign confirmed the details Sunday night.

The source said Huntsman will endorse Mitt Romney for the GOP nomination.

Huntsman's announcement comes after a poor showing in Iowa and moderate finish in New Hampshire.

Polls show him trailing badly in South Carolina ahead of the state's primary election on January 21st.

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