Fred Thompson Pulls Out Of Presidential Race
He came in third in South Carolina recently - a state many considered his best chance of winning.
In a statement released on Tuesday, Thompson said, "I hope that my country and my party have benefited from our having made this effort."
Mike Huckabee, John McCain and Mitt Romney are considered favorites for the Republican party candidacy to become the next U.S. president.
(This news article provided by World Entertainment News Network)
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