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Jon Huntsman dropping out

Jon Huntsman is dropping out of the race for the Republican presidential nomination, according to campaign officials.

An aide to Huntsman confirmed the news to The Huffington Post and said the former governor of Utah would endorse Mitt Romney on Monday. The aide added that Huntsman “didn’t want to stand in the way of the candidate most prepared to beat Obama and turn around the economy.”

Huntsman will deliver a speech on his decision on Monday at 11 a.m. ET in Myrtle Beach, S.C., according to the aide. Romney will not stand alongside the Utah Republican as he delivers his remarks.