Report: Cain To Back Gingrich

A Fox News TV affiliate in Atlanta reported late Sunday night that Herman Cain will throw his support behind upstart GOP presidential candidate Newt Gingrich.

Cain, who announced Saturday that he is suspending his own campaign amidst new allegations that he was involved in an extra-marital affair for more than a decade, will reportedly endorse Gingrich at a press conference in New York this afternoon.

During his announcement, Cain said that he would be endorsing someone “in the near future.”

Most national polls show Gingrich, the former Republican House Speaker from Georgia, leading the rest of the GOP field. Observers view him as the party’s alternative to former Massachusetts Governor Mitt Romney, who has polled consistently this year. 

The conventional thinking now is that Gingrich will benefit the most from Cain’s absence.

Meanwhile, Cain’s decision to suspend rather than end his campaign means that he can still raise money to pay off debts.