VIDEO: Ted Cruz Drops Out of Presidential Race, Donald Trump Named Presumptive Nominee

By  //  May 3, 2016

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ABOVE VIDEO: Texas Sen. Ted Cruz on Tuesday suspended his presidential bid for the Republican nomination following a crushing defeat by Donald Trump in the Indiana primary. (FOX NEWS VIDEO)

(FOX NEWS) – Texas Sen. Ted Cruz on Tuesday suspended his presidential bid for the Republican nomination following a crushing defeat by Donald Trump in the Indiana primary.

Cruz told dismayed supporters the path to victory had been closed.

“I’ve said I would continue on as long as there was a viable path to victory; tonight I’m sorry to say it appears that path has been foreclosed,” Cruz told a somber crowd in Indianapolis.

Cruz campaigned aggressively in Indiana, but could not overcome Trump.

The billionaire businessman has stunned the Republican Party with his appeal to voters deeply frustrated with Washington and their own party’s leaders.

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