Romney to quit presidential bid

Only two nights ago, Mitt Romney promised his presidential campaign would continue on. But it won't.

Mitt Romney is suspending his Republican presidential bid, sources are telling CNN and Time magazine's website.

He is to make the announcement in a speech to the Conservative Political Action Conference in Washington.

Romney was far behind in delegates after John McCain swept winner-take-all states in the Northeast and also won California and other big states on Super Tuesday.

But even as he huddled Wednesday with key advisers at his Boston campaign headquarters, a spokesman insisted that Romney was in the race for the long haul.

It was a rough run for the former Massachusetts governor. But is this it? Will Mike Huckabee call it quits too in hope that John McCain will extend the VP spot to him?