Former Texas Gov. Rick Perry is dropping out the 2016 presidential race, he is expected to announce Friday in St. Louis, Missouri.
"We have a tremendous field - the best in a generation - so I step aside knowing our party is in good hands, and as long as we listen to the grassroots, the cause of conservatism will be too," Perry is slated to say at the Eagle Forum conference in St. Louis, Missouri, according to his prepared remarks.
"I share this news with no regrets," his remarks say. "It has been a privilege and an honor to travel this country, to speak with the American people about their hopes and dreams, to see a sense of optimism prevalent despite a season of cynical politics."
Perry will technically suspend his campaign, enabling him to continue raising money to cover the costs he has incurred on the trail.