Hogan Gidley

Bad news for Romney: Perry drops out, Iowa Caucus takes back his victory

Global Politics

Mitt Romney would probably like to go back to bed. The former Massachusetts Governor learned Thursday that the Iowa Caucus had recounted its ballots, and the final tally had Rick Santorum in the lead. But, with some ballots lost, no official winner will be declared. Plus, Texas Gov. Rick Perry dropped out of the presidential race and endorsed Romney rival Newt Gingrich.