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GOP Chairman Drops Bid For Re-Election

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Michael Steele has dropped out of the running for GOP chairman. The move comes after he fell behind in balloting for the leadership of the Republican National Committee.

Speaking in Oxon Hill, Md., Steele got a standing ovation after the announcement. His decision follows a rocky two-year tenure that saw Republicans win huge victories last fall.

Steele has asked his backers to give their votes to GOP operative Maria Cino.

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