In a surprising turn of events, former Vice President Mike Pence announced on Saturday that he has suspended his campaign for president, stating that it is not his time to run. This announcement was made during the Republican Jewish Coalition's Annual Leadership Summit in Las Vegas, where Pence took the stage to address the audience.

Pence's decision to drop out of the race comes only months after he announced his candidacy for the Republican nomination in June. Running against his former running mate and former President Donald Trump, Pence struggled to gain traction in fundraising and lagged behind in the polls, putting him far behind frontrunner Trump.

During his speech, Pence expressed gratitude for the support he had received throughout his campaign and assured his audience that he would never abandon the fight for conservative values. He pledged to continue working towards electing principled, Republican leaders to every office in the nation.

"We always knew this would be an uphill battle, but I have no regrets," Pence said. "To the American people, I say this is not my time, but this is your time. I urge you to hold fast to what matters most, faith, family, and the constitution of the United States of America."

Pence's announcement was met with a standing ovation from the audience, demonstrating the respect and admiration he still commands within Republican circles. His wife, Karen, joined him on stage as they bid farewell to their campaign.

This development comes just days before the third presidential debate, for which Pence had not yet qualified. It remains to be seen how this will impact the dynamics of the race moving forward. As a developing story, further updates are expected.

Overall, Pence's decision to suspend his campaign for president has sent shockwaves through the political landscape. While he may not be pursuing the presidency at this time, his departure from the race will undoubtedly have repercussions for the remaining candidates and the Republican Party as a whole.