One Down of the Day: Tim Pawlenty announced on this morning’s edition of ABC’s This Week that he is officially withdrawing from the presidential race following the results of the Ames Straw Poll, which placed the former Minnesota Governor third behind Michele Bachmann and Ron Paul.

“We needed to get some lift to continue on and have a pathway forward,” Pawlenty told Jake Tapper. “That didn’t happen, so I’m announcing this morning on your show that I’m going to be ending my campaign for president.”

Bachmann reacted to the news in an interview on the same program, saying she has “great respect for the governor” and wishes him well. “He brought a really important voice into this race, and I’m grateful that he was in.”

Pawlenty has yet to throw his support behind another candidate.

[abcnews / tdb / wsj / nyt.]