CNN is reporting that John Edwards has withdrawn from the presidential race. He has canceled all campaign events and is going to New Orleans to make a major policy speech.

It's a very sad thing. I'm glad I waited to vote, though. This makes it a lot easier.

UPDATE: Associated Press [1]

Edwards planned to announce his campaign was ending with his wife and three children at his side. Then he planned to work with Habitat for Humanity at the volunteer-fueled rebuilding project Musicians' Village, the adviser said.

With that, Edwards' campaign will end the way it began 13 months ago — with the candidate pitching in to rebuild lives in a city still ravaged by Hurricane Katrina. Edwards embraced New Orleans as a glaring symbol of what he described as a Washington that didn't hear the cries of the downtrodden.