Mitt Romney plans to drop out of the presidential race Thursday, according to Mark Halperin’s The Page blog for Time Magazine.

Halperin says three sources have confirmed that the former Massachusetts governor will drop out as early as this afternoon, when he addresses the Conservative Political Action Conference in Washington, D.C.

“The race was mathematically and politically mostly over before now,” Halperin told FOX News, citing McCain’s wide lead in the race for delegates to the national convention.
Romney has steadily lost ground over the past few weeks to McCain, who since Super Tuesday made a comeback for Romney extremely difficult.

Click here to read The Page blog on Romney quitting the race.