Romney's Out

MITT ROMNEY DROPS OUT OF RACE...

Mitt Romney has seen the numbers, he's not going to pull any delegates to overcome McCain, and he's not willing to push more money towards his campaign.

Sources: Romney "lives to fight for another day..." He's positioning himself for another stab at it in four or eight years.

Romney to announce at CPAC publicly.

Huckabee remains where he'll do strong in other southern primaries, but McCain is now positioned to gather delegates.

Mike Huckabee might follow suit, and suspend his campaign soon, so that the McCain effort can begin forming an offensive against Obama or Clinton.

John McCain will be crowned in St. Paul come August.

Update (1:04ET): Romney at CPAC: "Soon, the face of liberalism in America will have a new name. Whether it is Barack or Hillary... I disagree with Senator McCain on a number of issues, as you know. But I agree with him on doing whatever it takes to be successful in Iraq, on finding and executing Osama bin Laden, and on eliminating Al Qaeda and terror. If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator Clinton or Obama would win. And in this time of war, I simply cannot let my campaign, be a part of aiding a surrender to terror... This is not an easy decision for me. I hate to lose... If this were only about me, I would go on. But I entered this race because I love America, and because I love America, I feel I must now stand aside, for our party and for our country."