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Walker said to be quitting presidential race

Wisconsin Republican Governor Scott Walker prepare for a televised debate against Democratic challenger Mary Burke on Oct. 17 at the WMVS-TV studio in MIlwaukee.

Gov. Scott Walker of Wisconsin has concluded he no longer has a path to the Republican presidential nomination and plans to drop out of the 2016 campaign, according to three Republicans familiar with his decision, who spoke on condition of anonymity.

Walker called a news conference in Madison at 5 p.m. Central time.

"The short answer is money," said a supporter of Walker's who was briefed on the decision. "He's made a decision not to limp into Iowa."

Walker's intended withdrawal is a humiliating climb down for a Republican governor once seen as all but politically invincible. He started the year at the top of the polls but has seen his position gradually deteriorate, amid the rise of Donald Trump's populist campaign and repeated missteps by Walker himself.

In the most recent CNN survey, Walker drew support nationally from less than one-half of 1 percent of Republican primary voters. He faced growing pressure to shake up his campaign staff, a step he was loath to take, according to Republicans briefed on his deliberations.

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