Christie Expected to End Presidential Bid as Early as Today

New Jersey Gov. Chris Christie is expected to formally suspend his presidential campaign as early as today after he huddles with his closest advisers, ABC News has learned.

A statement announcing the suspension could come as soon as early this afternoon, according to a source briefed on Christie's plans.

“We bet the ranch on New Hampshire, and no one ever anticipated the Trump phenomenon,” the source told ABC News. “He’s a realist.”

Christie's New Hampshire campaign Chairman Wayne MacDonald, who is not involved in today’s deliberations but is familiar with the campaign's strategy, said that qualifying for the next debate is likely a major factor in the deliberations.

And with the governor’s 6th place finish in New Hampshire, he does not qualify to make the stage.

“It’s just a logical next step,” MacDonald said of the likelihood that the governor will formally drop out of the race.

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