Newt Gingrich suspends presidential campaign

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ARLINGTON, Va. — Newt Gingrich can now call himself a former presidential candidate.

As expected, the former House speaker has bowed out of the Republican presidential contest just short of a year after he got into the race. He says it was “an amazing year” for him; his wife, Callista; and his entire family.

After losing contests in five states last week, Gingrich said it was clear that Romney would be the nominee and he signaled that his topsy-turvy campaign had reached its end.

Gingrich now has the added challenges of rebuilding his image as a one-man GOP idea machine and paying off at least $4.5 million in campaign debt.

Joined by his wife, he made the announcement at an Arlington, Va., hotel, across the river from Washington.

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