WASHINGTON (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, sources said Wednesday.
Richardson, who served as energy secretary and ambassador to the United Nations 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 leading Democrats Hillary Clinton, Barack Obama and John Edwards.
"The numbers are the reason - not enough votes and not enough money," a Democratic strategist involved in the campaign told CNN. However, "He enjoyed it and believes he made a contribution."
A second source close to Richardson confirmed the governor's plans to CNN. His campaign had no comment on the sources' accounts, but the party strategist said a public announcement was planned Thursday in New Mexico.
As of September, Richardson raised about $19 million during his White House bid and had spent about $13 million of that, according to Federal Election Commission records. A year-end report is due at the end of January.
– CNN's John King, Candy Crowley, and Mark Preston
I was very sad to see Richardson's performances. I believe that he is the most qualified person from either party as well as being my second-best fit on the issues.
To all Americans.
It is heartening to see the energy and participation in this Presidencial election by many more Americans compared to the usual 'apathy' that grips a people tired of the old games of selfish politicians.
Please realize that the World has changed with economic globalization. What happens in the country with the World's largest economy and the World's most powerful military affects literally every person on Earth.
We Canadians are used to catching a cold when you sneeze, but like I said, now the whole World can catch the cold.
So, do your duty as American citizens and now also as the people who can have the greatest influence for good or bad on every human being. The World needs to trust America again.
Anonymous, when's the last time you had a job interview where they told you experience doesn't count? (And I'm sure your job, if you have one, is nowhere near as challenging as Leader of the Free World.)