Texas Governor Rick Perry (R) announced on Thursday that he was suspending his campaign for the Republican nomination to the presidency and endorsing his rival, former House Speaker Newt Gingrich (R-GA).

"I have come to the conclusion that there is no viable path forward for me in this 2012 campaign," Perry said. "Therefore today, I am suspending my campaign and endorsing Newt Gingrich for President of the United States."

Gingrich commented after Perry's brief press conference that he'd spoken to the Texas governor about heading up a "10th Amendment Enforcement" group in a potential Gingrich administration.

Signing off, Perry told supporters he had only just begun to fight for conservative values.

News of Perry's plans leaked over an hour before the announcement after multiple people connected to the campaign let word slip to reporters. First reported by CNN, word of Perry's impending withdrawal quickly spread to The Huffington Post and Politico, all of them citing unnamed sources. Moments later, New York Times reporter Jeff Zeleny confirmed the reports with "a top supporter" of Perry's.

Perry had previously said he would remain in the primary race until at least Florida, insisting that Saturday's contest in South Carolina would not be his "Alamo."

Watch this video from Fox News, broadcast Jan. 19, 2012.