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Gingrich aides say campaign will conclude on May 1

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    Carl Cameron on Newt's plans to formally exit presidential race

  • Duration 3:37
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This transcript is automatically generated

Did you -- -- breaking news from the campaign trail with regard to the future.

-- Newt Gingrich let's bring in chief political correspondent Carl Cameron he joins me now on the phone good morning -- -- Good morning while well a former house speaker and a 2012 candidate Newt Gingrich has sort of set his -- or exit from this campaign.

Last night's Delaware results -- pretty disappointing or mr.

Gingrich who was looking for a high note on the you don't not the heat of battle out on.

-- perhaps keep going but it insiders and advisors and so that that's unlikely.

Mr.

Gingrich plans to formally leave the race next Tuesday.

He will continue its schedule through about Carolina this week -- time her supporters around the country presents that -- all.

Go presumably to Atlanta are indoors somewhere and next week you'll on Tuesday announced -- -- is either suspending or ending in his campaign.

Is dated in spending a lot of time of -- talking about it last night there was no huddle with senior advisors.

And mr.

Gingrich has made a determination that.

You cannot go forward of course by losing last night it became virtually impossible that you -- a plurality of both delegates in five states so that made it.

The possible -- gamers to appear on the aren't in the delegate election ballot at the convention upcoming at Tampa.

So I have continue to campaign this week that he does say the last few days now he will be a very very local civilians were the causes and and our Republican conservative principles that you won't -- But you won't soon be doing it as a campaign that Gingrich.

Essentially about dissent will be dropping out it's villages.

So when they're meaning he was really the last sort of look he is in -- on the last kind of quote anti Romney candidates as they all kind of shuffled through that position throughout the course of this primary process Carl.

So the question are we want to whether or not he will you know -- -- -- support.

Mitt -- Yes one of the things that we can expect insiders say it is more than likely that.

At that event on Tuesday mr.

Gingrich as -- suspend his race.

Will also throw his support by the -- of course that's very very difficult said the tea leaves to read.

They endorsements -- candidates drop about the exact timing of it is also kind of sketchy it's an emotional and difficult -- -- a lot of money involved.

A lot of the Gingrich campaign has been working meticulously governor -- the last several weeks of preparation of this sort of closure of the -- itself.

But we're told that -- will probably -- probably on the day that he normally we can't -- And you mentioned money out now I have -- about that obviously money is one of the nails in the coffin of most campaigns at the end of these things he was.

Back to very strongly by Sheldon Adelson Furl for quite some time in the beginning of all of this how they -- money wise and what can they expect.

Daddy also stood at 21 million dollars into the super pac supporting mr.

Gingrich.

Our eyes he has had gone he's got to -- -- -- That we believe that staff that is going to essentially act as the closeout team.

Artists and try to sort out a lot of that that paperwork.

And there's.

Of the four point three million dollars there's about this several 100000 dollars that they can't liquid account for the got -- -- -- is -- sort of chased down the money.

Because there's been so many changes in the -- the rotation of people in the Gingrich camp it has been quite an extraordinary.

So the -- to wrap it up.

Are still sort of working at a and then get a bit of a long standing sort of discussions with news about.

What it would be time for him to pull the plug on this and there's there's no question with the money the inability to feel that the delegate ballot in the convention.

And having gotten like last night again.

Give the developers -- Into the road for Newt -- time around Carl thank you very much breaking news from Carl Cameron just.

Moments ago.

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