*(CNN) — Florida Gov. Ron DeSantis, who entered the Republican presidential primary as Donald Trump’s greatest threat, announced Sunday that he is ending his White House bid and endorsing the former president.
His announcement, made in a video posted on X, comes after a disappointing second-place finish in last week’s Iowa Republican caucuses.
“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. Accordingly, I am today suspending my campaign,” DeSantis said.
He then touted his support for Trump: “While, I’ve had disagreements with Donald Trump, such as on the Coronavirus pandemic and his elevation of Anthony Fauci, Trump is superior to the incumbent Joe Biden. That is clear.”
“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 repackaged form of warmed-over corporatism that Nikki Haley represents,” he said.
The decision came after days of conversations with donors. It became clear over the weekend that there was neither the rationale nor the financial support to continue his candidacy.
DeSantis and his wife Casey made the decision Sunday afternoon, surprising many of his rank-and-file staffers and supporters.
“The money wasn’t there to continue,” one top DeSantis donor told CNN.
It’s a devastating blow to the promising career of a once-rising GOP star, and his failure to reach the lofty expectation of his candidacy has already sparked a wave of second-guessing from close allies and advisers. Some believe DeSantis took too long to attack former President Donald Trump. Others think his team underestimated former South Carolina Gov. Nikki Haley.
More yet remain convinced that there was nothing DeSantis could have done to wrestle the party from Trump’s loyal and sizable followers.
“DeSantis has run the playbook to a T,” Steve Deace, a well-known conservative radio commentator and supporter of the Florida governor, told CNN in recent weeks. “It’s just as simple as: when they started indicting Donald Trump, people weren’t ready to move on from him. And for DeSantis, it wasn’t quite his time.”
For his part, DeSantis has blamed his performance on a host of challenges, including Iowa’s weather, conservative media’s loyalty to Trump and the unprecedented barrage of negative ads against him. One thing he hasn’t faulted was his main pitch to voters – his record of accomplishment in Florida – which he continued to feature in speech after speech until his final moments as a presidential candidate.
His departure leaves former South Carolina Gov. Nikki Haley as the lone Trump alternative in the race but without much time to consolidate support and catch up to the front-runner.
This story has been updated with additional reporting.
CNN’s Kaitlan Collins and Jeff Zeleny contributed to this report.
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