Just a day after Mitt Romney swept five primary states, sources in Newt Gingrich's campaign confirms their candidate will officially end his bid for the presidency next Tuesday.
On the campaign trail, Gingrich said he accepts Mitt Romney's inevitable nomination for the presidency.
His campaign struggled nearly from the start with debt and in June, several key staffers resigned.
Gingrich says he will do everything he can to ensure Romney is an "effective" candidate.
Gingrich is expected to officially end his campaign and express his support for Romney next week.
Capitol Hill Hearing on Rising Gas Prices
A congressional committee holds a hearing on rising gas prices today.
The US Congress Joint Economic Committee meets this afternoon to discuss gas prices in the northeast and its possible impact on the American consumer.
The hearing will focus on whether the potential closures of northeastern refineries could impact gas prices in that region.
Among those testifying are an economics professor from MIT and a representative of the largest trade association for the oil and natural gas industry.
NFL Draft Starts Thursday Night
NFL prospects toured the New York Stock Exchange Wednesday but today is their big day, football fans may be glued to their TV's or computers for tonight's 2012 NFL draft.
This year, 65 players have been granted eligibility.
The draft will be held over the course of three days, round one kicks off tonight at 7:00 pm central.
Among the top prospects are Stanford Quarterback Andrew Luck and Baylor Quarterback Robert Griffin III.