A credible source with close ties to Lt. Gov. Bill Bolling has told Virtucon that Bolling is poised to make a major announcement, possibly tomorrow, that he is OUT of the governor’s race for 2013. At this point, it is still unclear why he may be leaving the race or whether he will seek reelection to a third-term as LG. Stay tuned for further details.
UPDATE: RT @PeterHambyCNN: Bill Bolling will drop his bid for Virginia governor, GOP sources confirm.
UPDATE 2: Politico now has the story.