Fred Thompson has decided to drop out, according to multiple Republican sources. Both Marc Ambinder and Fox News’ Carl Cameron have both been told of the Senator’s intentions. Cameron reports the announcement will come tonight or tomorrow, with Fred’s headquarters already having been notified.

Via Allah. Stand by.

Update: It’s official. An email from Fred’s web man Jon Henke:

McLean, VA - Senator Fred Thompson today issued the following statement about his campaign for President:

“Today I have withdrawn my candidacy for President of the United States. I hope that my country and my party have benefited from our having made this effort. Jeri and I will always be grateful for the encouragement and friendship of so many wonderful people.”