Rick Santorum is folding his GOP presidential bid, multiple news outlets are reporting Tuesday, bowing to the reality that rival Mitt Romney has all but clinched the nomination.

Read the New York Times story HERE

Read the Washington Post story HERE

Santorum is making the announcement to suspend his campaign (suspending rather than closing allows a candidate to continue to raise money) after taking a few days off the campaign trail for Easter and for the hospitalization of his daughter, Bella. Santorum bows out before the April 24 Pennsylvania primary--which would have been a last-chance homestate stand for the former Pennsylvania senator.