Delaware Sen. Joseph R. Biden confirmed his withdrawal from the Democratic presidential contest in a speech to supporters following Tuesday's Iowa caucuses, in which he performed poorly.
"There is nothing sad about tonight. We are so incredibly proud of you all," Biden said, according to the Associated Press. "So many of you have sacrificed for me and I am so indebted to you. I feel no regret. I ain't goin' away."
The latter remark hinted at the fact that Biden, who chairs the Senate Foreign Relations Committee, kept open his bid for a seventh Senate term in 2008 even as he staged his longshot presidential campaign. Biden is heavily favored to win re-election.
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