Mr Scott is the second main Republican determine to drop out of the 2024 major race, following Mike Pence’s resolution to droop his marketing campaign on October 28.
The senator campaigned on his message of restoring “Christian conservative values,” and peppered his tv appearances with Biblical quotations and references to his personal religion.
His resolution to drop out comes forward of the fourth Republican tv debate on December 6, which requires candidates to have acquired six per cent of the vote in two nationwide polls, or six per cent in two early-voting states to qualify. They should even have acquired donations from 80,000 totally different voters.
Mr Scott’s marketing campaign appeared unlikely to succeed in the polling figures required, and had cancelled his marketing campaign occasions in Iowa on Saturday and Sunday, citing sickness.
On Sunday evening, he mentioned he wouldn’t instantly endorse one other candidate for the Republican nomination.
“I’m going to recommend that the voters study each candidate and their candidacies and frankly, their past and make a decision for the future of the country,” he mentioned.
“The best way for me to be helpful is to not weigh in on who they should endorse.”
Mr Scott, a member of the Senate’s banking committee, has been a South Carolina senator for a decade, after serving within the House of Representatives for 2 years between 2011 and 2013. He is the one black Republican within the Senate.
Speaking after the final televised debate on Wednesday, Mr Scott denied that he was contemplating suspending his marketing campaign.
Asked by NBC News whether or not he would seem on the fourth debate subsequent month, he replied: “I am 100 per cent confident that, 30 days from now, in Alabama, we will be hanging out having a conversation, like: ‘Wow, Tim, you’re actually on the stage’. Of course I’ll be on the stage.”
He added: “What we know is that the voters are just turning their attention towards this election. I’m very optimistic that we can continue to make gains.”
Mr Scott entered the race in May with a $21 million warfare chest of donations amassed throughout his decade within the US Senate.
But his marketing campaign has spent important sums within the final six months, together with $14 million on promoting that he has did not convert into public assist.
The remaining candidates are led by Donald Trump, who has the assist of round 57 per cent of Republican voters, adopted by Ron DeSantis with 14 per cent, Nikki Haley with 9 per cent and Vivek Ramaswamy with 5 per cent.
The Republican major caucuses start in Iowa on January 15, starting a months-long voting course of that may culminate within the choice of a candidate on the Republican National Convention in July.