As the United States is gearing up for the upcoming presidential polls next year, Former US Vice President Mike Pence has announced the suspension of his campaign for the top post amid financial challenges and lagging poll numbers.US Ex-Vice President Mike Pence withdraws his name for presidential runMike Pence has vowed to help elect principled Republican leaders moving forward.Former Vice President Mike Pence drops out of 2024 presidential race - CBS News https://t.co/VITSxPvWu7— Mike Pence (@Mike_Pence) October 28, 2023Addressing the Republican Jewish Coalitions annual conference in Las Vegas on Saturday, Pence said, After much prayer and deliberation, I have decided to suspend my campaign for president effective today.He said, “Im leaving this campaign, but let me promise you, I will never leave the fight for conservative values and I will never stop fighting to elect principled Republican leaders to every office in the land. So help me God,” according to a CNN report.“There is a time for every purpose under Heaven.” After traveling the country the past six months, it has become clear…this is not my time.As we leave this campaign, we do so with grateful hearts. I will always be grateful for the opportunities my family and I have been given… pic.twitter.com/bsmc94Lxjw— Mike Pence (@Mike_Pence) October 28, 2023Confidential decisionAccording to the media reports, the decision to suspend the campaign for president was kept a close hold among advisors. Many event planners did not know that the announcement would be made on stage.In June, Pence announced that he was running for the 2024 Republican presidential nomination. Before becoming US Vice President, he served as Indiana governor and a US congressman. He launched his bid in Iowa instead of his home state of Indiana, which indicates how much importance he was placing on the early voting state.Mike Pence vowed to visit all of Iowas 99 counties, with a focus on face-to-face interactions in intimate settings. He participated in the first two GOP primary presidential debates, as per the reports.Why did he withdraw his campaign for presidential runHe met the polling qualifications to participate in the debate. However, he faced challenges in meeting the individual donor threshold set by the Republican National Committee. More signs of trouble came in October when Pence filed for the state-run Nevada presidential primary instead of a party-run caucuses, which have a filing fee of USD 55,000.This move made Pence ineligible for Nevadas allocation of delegates to the GOPs convention in 2024. His campaign also reported USD 620,000 in debt in the third fundraising quarter, according to a CNN report.Mike Pence as US Vice PresidentTalking about his top posts journey, Mike Pence had served as US Vice President to Trump and this time he was competing against him for the GOP nomination. In 2021, Pence had a different view from Trump as he refused to reject electoral votes during Congress certification of the 2020 election.While speaking to CNN in August this year, he said, “What I want the American people to know is that President Trump was wrong then and hes wrong now that I had no right to overturn the election. I had no right to reject or return votes, and that, by Gods grace, I did my duty under the Constitution of the United States.”