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Tells the Wall Street Journal, "I think my run at public office is over." Says of his loss to McCain: "I'm a big boy. I understand how politics works."

Also says his much-criticized comment about his sons serving the country by helping his campaign was intended as a joke.

Romney one of three potential VP contenders to visit McCain's Arizona ranch this weekend.

Plus: Romney chairs new PAC, debuting Thursday, to help elect conservative Republicans. Read release here.

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The Political Schedule

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Wednesday, December 2

    • 2:45 pm
    • President Obama meets with senior advisors in the Oval Office
    • 3:25 pm
    • President Obama meets with Senator Bayh in the Oval Office
    • 4:10 pm
    • President Obama meets with Senator Graham in the Oval Office
    • 7:30 pm
    • Ed Gillespie gives speech on "Rebuilding the Republican Party" at the University of Delaware

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