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Herman Cain Suspends Presidential Campaign

Republican candidate Herman Cain announced he is suspending his bid for the Republican presidential nomination.

During a televised announcement Saturday afternoon, Cain said the allegations of infidelity against him are untrue, and that the accusations have "had a tremendously painful price" on his family.

Cain said he is at peace with God, his wife and himself, and is moving on to "Plan B."

His announcement came days after a woman from the Atlanta area claimed she and Cain had an affair for more than a decade, reports the Associated Press. The claim followed several other allegations of sexual harassment against him.

Cain's wife, who stood behind him on the stage, showed support and clapped during his announcement. The event was expected to be the opening of his national campaign headquarters.

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