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Texas Governor Rick Perry dropped his bid for the Republican presidential nomination, endorsing former House Speaker Newt Gingrich.
"I have come to the conclusion that there is no viable path forward for me in the 2012 campaign," Perry told reporters at a press conference Thursday. "I know when it's time to make a strategic retreat."
But will Perry's support be enough to help Gingrich overtake the current front runner - former Massachusetts Governor Mitt Romney?
Gingrich is facing new accusations from one of his former wife that he asked her permission to have an "open marriage" after she discovered he was having an affair. It certainly doesn't look great for Gingrich that he was cheating on his wife while leading the impeachment charge against then-President Clinton for allegations of perjury involving his affair with Monica Lewinsky.
In addition to Gingrich and Romney, Texas Congressman Ron Paul and Christian conservative Rick Santorum remain in the race the Republican nomination.
Santorum won the Iowa primary but dropped to fourth in New Hampshire, while Paul - a libertarian who strongly advocates for states' rights - turned in surprisingly strong showings in both states. Paul placed third in Iowa and second in New Hampshire.
The candidates will face off in the South Carolina primary on Saturday, viewed by many as a critical test in determining who will secure the nomination.
Megan Sayers is the managing editor for ModernMom. Follow her on Twitter @MeganSayers