Pete Buttigieg Drops Out Of Presidential Race: Reports

The New York Times and several media outlets have reported that Pete Buttigieg is dropping his presidential bid after a disappointing showing in South Carolina.

The move ends a meteoric rise that saw the once-obscure former mayor of South Bend, Ind., beat out several bigger-name rivals in the race for the Democratic nomination.

The New York Times reported that Buttigieg is planning to announce his decision to drop out shortly.

This is a developing story.