Andrew Yang plans to announce he is suspending his presidential campaign during a speech Tuesday night in New Hampshire, two sources tell CNN.
It's the end to an upstart run that vaulted the businessman from obscurity to a Democratic contender backed by a devoted following known as the Yang Gang.
Yang's decision will come a week after a disappointing finish in Iowa, where the campaign invested millions and spent two weeks on a bus tour leading up to the caucuses. The investment didn't pan out: Yang finished with just 1% support in Iowa and, after leaving the state with depleted resources, had to lay off staff as he looked to trim his campaign's costs.
"With a crystal ball, we might not have invested as much energy in Iowa, because I think that that lack of clarity afterwards hurt every candidate," Yang told CNN the day before the New Hampshire primary. "But we're excited about being here in New Hampshire."
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