"I think we all knew from the very beginning that ... this would be an uphill battle."
"Only when you try can you truly make a difference in this world, and I’m truly glad I tried.
"Tonight, I'm withdrawing from the presidential race."
More on Dodd from the Chicago Sun Times, and Boston Globe.
I saw it on the television, but Philly.com already has it announced also, Joe Biden has also dropped out after taking 5th place in the Iowa caucuses.
This will be updated tomorrow.