Fred Dropping Out?

Speaking of the Atlantic, Marc Ambinder writes:

Ex-Sen. Fred Thompson has told several Republicans that he has decided to drop out of the presidential race and will make public his intentions by close of business.

Thompson does not plan to endorse any rivals for now, even though one of his best friends is Sen. John McCain.

He’s been visiting his mother, who is ill, in Tennessee.

(Via Hot Air.)

Update: It’s official–Jon Henke, Thompson’s Internet consultant, emailed this campaign statement:

McLean, VA – Senator Fred Thompson today issued the following statement about his campaign for President:

“Today I have withdrawn my candidacy for President of the United States. I hope that my country and my party have benefited from our having made this effort. Jeri and I will always be grateful for the encouragement and friendship of so many wonderful people.”

It’s a safe bet that we’ll be discussing this further on this week’s PJM Political on XM.