Former Speaker Newt Gingrich (R-Ga.) confirmed he will make a decision on a presidential bid by the beginning of May.

"We're trying to finish out the exploratory process, and I think by the first week of May, we'll have done that," Gingrich told reporters on Capitol Hill Thursday.

The former Speaker was at the Capitol to meet with House GOP freshmen. He will also address the Congressional Healthcare Caucus Policy Forum.

At the beginning of March Gingrich announced the formation of a website that would explore a 2012 bid but stopped short of formally filing papers for an exploratory committee.

He spoke to supporters in a conference call after that to say he will likely announce in early May outside Independence Hall in Philadelphia.