Sources Say Rick Perry Dropping Out of 2012 Republican Primary

Update: Perry will endorse Gingrich according to Politico

CNN is reporting that Rick Perry is telling supporters he is dropping his bid for the 2012 Republican Nomination. The news network says two sources have confirmed the Texas Governor will end his bid tonight before the South Carolina primary debate.

If true it will be interesting to see if this radically changes outcome of this Saturday’s primary in South Carolina. Will Perry’s marginal support flow into Newt Gingrich and/or Rick Santorum? If so will it be enough to stop the front-runner and current polling winner Mitt Romney?