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Ron DeSantis drops out of 2024 presidential race, endorses Donald Trump

Florida Gov. Ron DeSantis dropped out of the 2024 presidential race and endorsed front-runner Donald Trump on Sunday, two days before the New Hampshire primary.

"If there was anything I could do to produce a favorable outcome -- more campaign stops, more interviews -- I would do it, but I can't ask our supporters to volunteer their time and donate their resources if we don't have a clear path to victory," DeSantis said in a Sunday social media post. "Accordingly, I am today suspending my campaign."

"Trump is superior to the current incumbent Joe Biden. That is clear," DeSantis said. "I signed a pledge to support the Republican nominee and I will honor that pledge. He has my endorsement because we can't go back to the old Republican Guard of yesteryear, or repackage formed have warmed over corporatism that Nikki Haley represents."

Despite claiming a victory at the Iowa caucuses on Jan. 15 where he edged out former U.N. ambassador Nikki Haley for second place, DeSantis has severely lagged his opponents in New Hampshire.

DeSantis is polling at 6% in the Granite State, compared to Trump's 50% and Haley's 39%, according to a CNN/University of New Hampshire poll conducted between Jan. 16 to 19.

This is a developing story. Check back for more updates.

Read more on cnbc.com