Michael Steele Bows Out in Election for New RNC Chairman

Breaking news....

From Politico:

Michael Steele just bowed out of the race for RNC chairman after trailing in the first four rounds of balloting. He then said he is backing Maria Cino's candidacy.

Balloting continues for the selection of a new chairman with  Reince Priebus the odds on favorite. But will "Reince and Repeat" be an improvment over Steele? Stay tuned!

UPDATE: Priebus wins!