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(CNN) - During a speech at the Conservative Political Action Conference where former Massachusetts governor Mitt Romney was expected to rally conservatives in support of his presidential bid, Romney instead announced that he was suspending his campaign.   Romney told supporters his departure would help the Republican Party begin to the lay the groundwork for defeating Sen. Hillary Clinton or Sen. Barack Obama. Dana Bash was at the conservative gathering and reports on Romney's surprise announcement as well as Sen. John McCain's speech at the convention.

Suzanne Malveaux is on the campaign trail with Sen. Barack Obama.  She reports on how Democrats are reacting to the shift in the dynamics of the presidential race caused by the end of Romney's bid.

Speaking of the Democrats, Jim Acosta takes a look at delegates and dollars - two critical factors in what might be a long, hard-fought race for the Democratic nomination.

Finally, Mary Snow reports on where Romney's exit leaves former Arkansas governor Mike Huckabee.  Will conservatives now rally around Huckabee?  Snow looks for some indications about what the base of the Republican Party may do next.

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–CNN Associate Producer Martina Stewart