Per the Washington Post:
Former Maryland governor Martin O’Malley was set to announce the suspension of his presidential campaign on Monday night, following a dismal showing in the Iowa caucuses that effectively ended his long-simmering White House ambitions.
O’Malley, who had started laying the groundwork for a presidential bid following his 2010 reelection as governor, was lagging far behind former secretary of state Hillary Clinton and Sen. Bernie Sanders of Vermont. With nearly 70 percent of precincts reporting, O’Malley registered support from only 1 percent of voters…
It’s unclear what O’Malley’s next step will be. He is a lawyer by training, and has served as a visiting professor at the business school at Johns Hopkins University in Baltimore. O’Malley has said he has no interest in a Cabinet position in another Democratic administration.
Give the man this: He fought valiantly, and is getting out in time to avoid making a fool of himself. He’s young enough to try again in four years, or eight — and, of course, the fact that he “has no interest in a Cabinet position” doesn’t preclude him accepting one next January.