You’ll note that Herman Cain didn’t drop out of the presidential campaign. He “suspended” his campaign. And that’s not just a spinny weasel word. It has significant campaign finance implications. For one, it means he can continue to raise money.

In certain cases I believe but I have not yet been able to confirm that ‘suspending’ can leave a candidate eligible for matching funds, under certain circumstances. Again, we’re still trying to confirm this latter point. And we’ll update you when we do.

Influential Republican Rep. Steve King of Iowa says the Cain campaign is dead — no matter what the candidate actually says today.

Watch Cain’s ‘Major Announcement’ Live right here. Scheduled to start at 12 noon ET, with Cain speaking around 1 PM.