<p>Former Virginia Sen. Jim Webb will announce Tuesday that he will drop his bid for the Democratic presidential nomination.</p><p>In an<a href="http://www.politico.com/story/2015/10/jim-webb-democrats-independent-214929"> email to reporters </a>on Monday evening, Webb's campaign said that he was considering running as an independent. Webb will hold a press conference later Tuesday in Washington to detail his plans.</p><p>News of Webb's decision was first reported by <a href="http://www.foxnews.com/politics/2015/10/20/webb-to-drop-out-democratic-2016-race/">Fox News</a>.