9:39 am, January 19th, 2012
(GettyImages.com)
Rick Perry is set to drop out of the presidential race on Thursday.
A press conference is slated to be held in South Carolina at 11:00 a.m.
Multiple outlets are reporting that he plans to endorse Newt Gingrich.
RELATED – Rick Perry Beats Katy Perry and Tyler Perry in Poll
Earlier this week, Jon Huntsman exited the race and threw his support behind frontrunner Mitt Romney.
The critical South Carolina primary vote will be held on Saturday.
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