George Pataki won't run for president

It's official: Former New York Gov. George Pataki (R) will not run for president after all.

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Pataki said he plans to continue to focus on his group, No American Debt, and forgo a presidential run, according to a statement obtained by The Hill.

"I remain committed to the advancement of real, politically viable reforms to entitlements and rolling back the size and cost of the federal government. At this time, I will continue to do this as the leader of No American Debt and not as a candidate for president," said Pataki. "Throughout the coming months I will remain active in this important discussion and support the candidate who offers the vision, the ideas and the leadership to bring an end to America's debt crisis."

There had been much speculation that Pataki was reconsidering a run after he said he would be making a "major announcement" in Iowa this weekend. But Pataki has canceled the trip, and will not run after all.

Pataki would have had a tough route to the nomination: he supports abortion rights and gay marriage, compiled a centrist record as governor, and has little name recognition in the GOP field.