UPDATED NEWS FLASH
Rudy Giuliani has not dropped out of the Presidential race as of 8:31pm CST this evening. If he does drop out, it could come later this evening or tomorrow.
He is speaking live in Orlando, Florida and praised his fellow Republican candidates for their campaigns, including Ron Paul.
He received 15% of the vote in the Florida primary.
I think he will still be a factor in this election, no matter whether he stays in the race or not. The question is, if he drops out is, "Who will he back and throw his support behind?"
More on this later.