The Corner

Newt Prepares to Launch

The Hotline reports:

Former House Speaker Newt Gingrich plans to officially enter the presidential race early next week, he told Hotline On Call before Saturday’s White House Correspondents Dinner.

“I’ll be in by the 10th or 11th,” Gingrich said, without elaborating on where or how he would announce his candidacy.

Gingrich had previously hinted that his announcement could come this week, telling reporters in Philadelphia on Thursday, “I would just say to folks who are really curious: Watch Facebook and Twitter in the next week. I think you’ll have all the information you need.”

But Gingrich walked back from that statement on Saturday, explaining that he hasn’t yet completed the long and complex process of untangling himself from a web of business ventures that would complicate his candidacy in the eyes of the Federal Election Commission.