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Rick Perry announces withdrawal from GOP presidential race

Texas Governor Rick Perry announced Thursday morning that he is dropping out of the presidential race and is endorsing Newt Gingrich for the Republican nomination.

David Goldman / AP

Republican presidential candidate Rick Perry pauses during a news conference in North Charleston, S.C., on Thursday, Jan. 19, where he announced he is suspending his campaign and endorsing Newt Gingrich. His son Griffin is at left.

Read the full story from NBC's FirstRead here.

Jim Lo Scalzo / EPA

Rick Perry waits to greet Iowans at the Santa Maria Vineyard and Winery in Carroll, Iowa, on Jan 2, 2012.

Mark Lambie / El Paso Times via AP

The nation's longest-serving current governor is eyeing a presidential run.