Scott Walker Suspends His Presidential Campaign

Election '16

Scott Walker will suspend his 2016 presidential campaign in a press conference early this evening, the New York Times is reporting.

Walker, Wisconsin's union-busting, right-wing governor who was the early pick of the libertarian Koch brothers--whose political network set a goal of raising and spending nearly $900 million for the 2016 election--apparently has run out of money, the Times reported.

“The short answer is money,” said a key supporter told the Times. “He’s made a decision not to limp into Iowa.”

The paper continued: "The supporter said Mr. Walker’s fund-raising had dried up after his decline in the polls and that campaign officials did not feel they could risk going into debt with the race so uncertain. The governor, who was scheduled to be in New York and Washington this week, partly to raise money, had built up an expansive staff, bringing on aides and consultants detailed to everything from Christian conservative outreach to Super Tuesday states. But his fund-raising did not keep pace with the money needed to sustain such an infrastructure."

Walker will hold a press conference at 6 PM Eastern Standard Time.

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