Bill Thompson will concede the mayor’s race today and endorse front-runner Bill de Blasio, according to sources familiar with the situation.
Mr. Thompson is set to make the announcement at a 11 a.m. City Hall press conference, amid growing pressure from Democratic Party brass–and even some of his own backers—to bow out of the race to avoid a contentious runoff contest and unite the party ahead of November’s general election.
Gov. Andrew Cuomo, who reportedly helped to broker the deal, will attend the event, a source confirmed.
Mitt Romney, unsuccessful in his second quest for the White House in four years, took a gracious exit in his concession speech tonight.
“I have just called President Obama to congratulate him on his victory. His supporters and his campaign all deserve congratulations,” Mr. Romney said to begin his address. “This is a time of great challenge for America and I pray the president will be successful in guiding our nation.”