CNN and TIME reported today shortly after 12 p.m. EST that former Massachussetts Governor Mitt Romney will suspend his campaign for the Republican presidential nomination. The one-time front-runner scored a largely disappointing showing on Tuesday, with opponents John McCain and Mike Huckabee landing what campaign analysts have termed overwhelming and surprise victories in the 22-state contest. Romney is expected to announce his decision this afternoon in an already scheduled appearance before the powerful Conservative Political Action Committee (CPAC). By suspending - and not formally ending - his campaign, Romney will remain a candidate on forthcoming ballots and will retain his present pledged delegates, but is not permitted to actively pursue the nomination.