Cain Announces the End of His Campaign

One-time GOP frontrunner bows out of the 2012 race but vows to remain a force.
2:02 | 12/03/11

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Transcript for Cain Announces the End of His Campaign
Over what -- David -- ABC news headquarters in new -- following breaking news in the presidential race. Republican presidential candidate Herman Cain suspending his presidential campaign saying this moments ago. Campaign of course -- by its latest scandal earlier this week with a woman named ginger white. Came forward claiming -- and -- had a thirteen year affair. -- made his decision to suspend the campaign after heading home to. Georgia and talking face to face with -- one person he said he needed to consult with his wife of 43 years Gloria. Here's what her entrance it just a short time ago. With a lot of prayer. And soul searching. I am -- spending my presidential campaign. Herman Cain just moments ago want to bring -- BC news' chief political correspondent and host of Good Morning America George Stephanopoulos. George you watch this closely what do you make of it and -- They're going out there handling things forward for bottles fiery speech says he's -- -- Which is god and his wife and she's at peace with in calls the allegations in -- Also improved but he really had -- actually his support withdrawing its finances were drying up the big question now. Will that support go especially -- first caucus state. Of Iowa look for Michelle Bachmann to make a plate -- with Rick Santorum to make its work that the the big beneficiary. Likely to be the current front runner now Newt Gingrich. -- ABC's George Stephanopoulos with us on the line George thank you and so today -- McCain suspends his campaign all eyes now the battle. Between perhaps Newt Gingrich and Mitt Romney is George alluded to there there will be much more tomorrow morning on Good Morning America -- on this week. And of course you get the latest anytime at We do want to remind you that one week from today the top Republican contenders. Will come together and -- Iowa for ABC news debate 9 PM eastern 6 Pacific Diane Sawyer George Stephanopoulos moderating we'll all be there. We hope you'll join us David Muir ABC news headquarters in New York we return to football -- just a moment for all of -- securities as -- have a great week.

This transcript has been automatically generated and may not be 100% accurate.

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