Ramaswamy Suspends Campaign after Poor Iowa Caucus Finish, Endorses Trump

Entrepreneur Vivek Ramaswamy announced Monday night that he is suspending his presidential campaign after a lackluster showing in the Iowa caucuses.

In a speech announcing his exit from the race, Ramaswamy endorsed former president Donald Trump, who was projected to have won the caucuses by a strong margin, according to the Associated Press and other media outlets.

With an estimated 95 percent of votes counted, Trump was winning with 51 percent of the vote, followed by Florida governor Ron DeSantis in second at 21.2 percent and former South Carolina governor Nikki Haley in third with 19.1 percent. Ramaswamy was in a distant fourth at 7.7 percent.

“There’s no path for me to be the next president, absent things that we don’t want to see happen in this country,” Ramaswamy told his supporters. “And I think that I am very worried for our country. I think we are skating on thin ice as a nation.”