BREAKING: RNC chair Mike Duncan withdraws bid for re-election

By GottaLaff

UPDATE: Ken Blackwell just dropped out, too, per MSNBC.

UPDATE: Saul Anuzis just dropped his bid, too.

That is what is flashing on MSNBC right now. I'll get details.

UPDATE:

Former Maryland Lt. Gov. Michael Steele got the most votes in the third round of balloting for the Republican National Committee chairmanship. He got 51, but that wasn't enough.

Because 85 votes are required for elevation to the helm of the party, the RNC will vote a fourth time.

None of this bodes well for current GOP chairman Mike Duncan. He is seeking re-election, but has watched his support erode steadily with each round of voting. He got 44 votes in the third round.

No, it didn't bode well for him at all.