(CNN) – (CNN) — New Mexico Gov. Bill Richardson will quit the race for the Democratic presidential nomination after fourth-place showings in the campaign’s first contests, two sources confirmed to CNN Wednesday.
Richardson, who served as United Nations ambassador and energy secretary in the Clinton administration, drew 5 percent of the vote in Tuesday’s New Hampshire primary and 2 percent in last week’s Iowa caucuses, far behind eading Democrats Hillary Clinton, Barack Obama and John Edwards.
“The numbers are the reason — not enough votes and not enough money,” a Democratic strategist close to Richardson’s campaign told CNN. However, “He enjoyed it and believes he made a contribution,” the strategist said.
A public announcement was planned Thursday in New Mexico, he said.
This isn’t surprising, but on some level it’s too bad Richardson didn’t do better because he was among the more reasonable Democrats in the race.
Update: MSNBC is reporting that the Richardson camp is denying the CNN report:
MERRIMACK, N.H. – New Mexico Gov. Bill Richardson ended his campaign for the presidency after twin fourth-place finishes in Iowa and New Hampshire, The Associated Press reported Wednesday. But a Richardson spokeswoman told NBC News the report was wrong and Richardson was still in the contest for the Democratic nomination.
Richardson planned to announce the decision to withdraw Thursday, according to two people close to the governor with knowledge of the decision. They spoke Wednesday on a condition of anonymity in advance of the governor’s announcement.
But Katie Roberts, deputy communications director for the Richardson campaign. told NBC News that as of now the governor is taking care of official business and getting ready for the legislative session in New Mexico.
We will find out the truth tomorrow I suppose