As expected, Rudy Giuliani just held a press conference with John McCain at the Reagan Library, in which Rudy dropped out of the race and endorsed McCain.

Rudy said that his decision to back McCain wasn't difficult, after he'd said last year that he would have supported McCain if he hadn't been running himself. "If I'd endorsed anyone else, you would say I was flip-flopping," Rudy joked.

We'll have video posted in a little while.

Late Update: Here's that video: