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Herman Cain

'I Am Suspending

My Presidential Campaign'

12/3/2011 10:25 AM PST BY TMZ STAFF

1_lnluvewp_1_ha903gtyRepublican candidate Herman Cain just announced ... he is suspending his Presidential campaign -- effectively dropping out of the race.

Cain made the announcement moments ago in a news conference in Atlanta -- claiming he is making the decision "because of the continued distraction, the continued hurt, caused on me and my family" by recent sexual harassment allegations.

Cain said, “I am at peace with my God. I am at peace with my wife, and she is at peace with me.”

Cain said he will soon be announcing his endorsement of another candidate.

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