Indiana Congressman Mike Pence is said to be making his announcement regarding a run for President or maybe for Governor of Indiana instead, on Thursday. But today Roll Call reports that the influential conservative Representative is not likely to run for President.

Jerry Alexander, Pences former Political Director told Roll Call

Theres a 100 percent chance that hes not going to announce a run for president,.

The Indianapolis Star is said to be posting Pences decision after 7 p.m. Eastern time.

The decision to not run for President would more than likely mean that Mike Pence will in fact seek to replace outgoing Indiana Governor Mitch Daniels who is term limited. This would follow the logic behind a schedule for the Congressman that has him attending 9 different Lincoln Day dinners for Indiana Republican county organizations.

A decision by Pence to not run for President will mark one of the first moves by a major potential player in the Republican field and have a likely impact on the decisions of several others who are considering a bid for the Republican Presidential nomination. The now unlikely presidential candidacy of Mike Pence also leaves a segment of social conservatives now having to look elsewhere for a champion of values. One of the most interesting questions will be what the supporters of Mike Pence will do.

A recent draft Pence movement by the Americas President Committee, could now shift their support elsewhere. Who that would be is still unclear.

UPDATE:

The Star posted the news early with a letter Pence and his wife Karen sent to supporters.

In the choice between seeking national office and serving Indiana in some capacity, we choose Indiana, Pence wrote. We will not seek the Republican nomination for president in 2012.

Pence said he would decide his next step later this year.

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