FOXNews.com: Gingrich officially suspends campaign

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Gingrich officially suspends campaign May 2nd 2012, 19:19 Newt Gingrich officially suspended his GOP presidential campaign Wednesday, the last stop on a rollercoaster ride that eventually ended with a string of losses over the past two months.  "It has been an amazing year for me and (wife) Callista," said Gingrich, the former House speaker, at a Hilton Hotel in Northern Virginia. "Today, I am suspending the campaign but suspending the campaign does not mean suspending citizenship. We owe it to America." The 68-year-old Gingrich got off to slow start – losing his staff last summer and finishing fourth in the Iowa caucuses, which kicked off the 2012 primary season, then gaining momentum with a big win Jan. 21 in South Carolina. He scored a must-win primary victory March 6 in Georgia, which he represented in Congress for 20 years. But his plans of becoming the conservative alternative to frontrunner Mitt Romney, and his deep-pocketed and well organized campaign, during primaries across the South unraveled when Rick Santorum pulled off a string of wins in the region. The losses moved Santorum, a former U.S. senator from Pennsylvania, into position as Romney's closest competitor in the race to face President Obama in November. But like Santorum, who suspended his campaign in last month, Gingrich also had trouble raising money to stay in the race. His campaign is nearly $4 million in debt. Neither Gingrich nor Santorum has officially endorsed the likely GOP nominee.

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