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Rick Santorum leaving president race

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In a statement, Romney called Santorum "an able and worthy competitor" and congratulated him on his campaign.

"He has proven himself to be an important voice in our party and in the nation," Romney said. "We both recognize that what is most important is putting the failures of the last three years behind us and setting America back on the path to prosperity."

Santorum said the campaign had been "a love affair for me, going from state to state. ... We were raising issues, frankly, that a lot of people did not want raised."

He spoke almost nostalgically of the race, and of his trademark sweater vest, a pointed visual contrast to his suited rivals.

"Over and over again we were told, 'Forget it. You can't win,'" he said.

Eventually, the improbable had to bow to reality: Santorum would have needed 80 percent of the remaining delegates to win the nomination before the party's national convention in Florida in August. And that couldn't happen as long as Romney was in the race because most upcoming primaries use some type of proportional system to award delegates, making it hard to win large numbers of delegates in individual states.

In most states, Santorum's delegates can now support any candidate they choose.

Gingrich, who has been splitting the votes of those who questioned Romney's conservative credentials with Santorum, made an immediate play for his supporters.

He said the former senator's campaign was "a testament to his tenacity and the power of conservative principles.

"I am committed to staying in this race all the way to Tampa so that the conservative movement has a real choice. I humbly ask Senator Santorum's supporters to visit Newt.org to review my conservative record and join us as we bring these values to Tampa."

Suspending the campaign allows Santorum to keep paying off nearly $1 million in debt, according to recent Federal Election Commission filings. Those debts include about $500,000 for media consulting and tens of thousands more for telemarking and online advertising, records show.

Other presidential candidates have eventually extinguished their debt and terminated their campaigns. Former Minnesota Gov. Tom Pawlenty officially shuttered his campaign committee on Tuesday, owing as much as a half a million dollars last fall but slowly whittling that figure down.


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