So much for a last stand. Newt Gingrich, who banked everything left in his shell of a presidential campaign on pulling off an upset victory in Delaware last night, failed utterly. With 27 percent of the vote, he garnered less than half of Mitt Romney’s Delaware vote share last night. Where does Newt go from here? On Wednesday, Gingrich hinted that he would turn his back on his pledge to campaign all the way through the Tampa convention. "You have to at some point be honest about what’s happening in the real world as opposed to what you would like to have happened," Gingrich said at a campaign stop this morning. It's hard to see any other path forward. Besides his surprise victory in South Carolina, Gingrich has only placed first in his home state of Georgia. At the same time, his campaign has been whittling away money with few new donations, putting the Gingrich campaign over $4 million in debt, according to finance disclosures filed with the Federal Elections Commission last week. Winning Our Future, the Gingrich-affiliated super PAC, still had $6 million floating around at the end of March, but its primary donor, billionaire Sheldon Adelson has moved on to other ventures.

President Obama was prepared to spend his week contrasting himself with Republicans on students loans, but Mitt Romney deflated that argument yesterday afternoon. The 2007 College Cost Reduction and Access Act lowered the interest rates from 6.8 percent to 3.4 percent for federal student loans, but comes with an expiration date: this July. A one-year extension would cost just $6 billion dollars, but would benefit over 7 million young people with student loans. The Obama campaign has highlighted the lack of action from congressional Republicans on the issue, and the president will speak at three college campuses today and tomorrow.