February
7 Report: Romney to Drop Out

Updated

That, and other news, in today's Political Panorama.

Time's Mark Halperin reports that Mitt Romney plans to abandon his bid in a speech he will deliver before the conservative group CPAC.

Cash Strapped?: Just how dire is the Clinton campaign's cash situation?

"After offering on Wednesday to go without paychecks to help save precious campaign resources, senior staff members on Hillary Clinton's campaign are in fact not going without pay during the month of February, ABC News has learned."

The YouTube Moment: Jeffrey Ressner of The Politico sees it not as any kind of macaca embarassment but Will.i.am's "Yes, We Can."

Jolie's Mission: Angelina Jolie visits Iraq, calling for more help for refugees displaced by the war.

Jack Does Robocalls: Jack Nicholson has a recorded pitch for the Clinton campaign.

Cher for Clinton: Cher says she's endorsing Hillary, but she's not too enthusiastic about party politics. "I'm supporting her because I know her and I like her and she's smart and a tough girl," Cher tells USA Today. "But I don't have much respect for either party. I just think Republicans are worse."

ABC News Journalist Dies: Former correspondent John McWethy died Wednesday in a ski accident in Keystone, Colo.

Big Bash: Madonna throws a party at the United Nations.

Rush for Hil?: With Romney out, a depressed Rush Limbaugh says he'll hold a Clinton fund-raiser to help unite Republicans.

1984 or 1960?: It's a little bit of both, says Gary Hart. He predicts Obama won't fade --- and he'll have better prospects than he did against Mondale's machine.