Cohen made the tearful announcement at the Hop Haus tavern on the Far North Side. He spoke just hours after a spokesman for powerful House Speaker Michael Madigan, the state Democratic chairman, said Madigan had urged Cohen to quit in a private meeting Friday.
"For the good of the people of the state of Illinois and for the Democratic party, I will resign," an emotional Cohen told a crowd of supporters and reporters.
Click on the following for more details: Clout St: Pawnbroker says he's dropping out of race
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