Wisconsin governor Scott Walker is quitting the Republican presidential nomination for Republican Party in the 2016 election.
Walker made the announcement at a surprise news conference in Madison at 6 pm ET on Monday.
"I suspend my campaign immediately," he said.
"I encourage other candidates to do the same so that the voters can focus on a limited number of candidates who can offer a positive, conservative alternative to the current front-runner," walker added, in reference to Donald Trump. "This is fundamentally important to the future of the party, and more importantly, to the future of the country.
"“The short answer is money,” The New York Times quoted an unnamed supporter of Walker’s as saying. “He’s made a decision not to limp into Iowa.”
“With four months still to go until the Iowa caucuses, Walker has been struggling to overcome funding shortages and a seeming inability to make a mark in a large Republican field,” The Guardian said in a report that also depended on unnamed sources.
Earlier this week, a poll by CNN/ORC showed a significant decline in Walker’s ranking.
Released after a CNN debate, it showed Walker failed to even register with one percent of the vote, instead scoring an asterisk.
“Walker's collapse is especially stark,” CNN said in the report covering the poll results on Monday.
The decline led to cancellation of several appearances by Walker, who has experienced sitting atop the Iowa polls.
Earlier this month, Former Texas governor Rick Perry became the first Republican nominee to leave the GOP’s crowded nominating contest.
In regard to Iran’s nuclear agreement, Walker said he would “love to play cards” and that Obama “folds on everything” with Tehran.