Michael Steele has given up his bid to be re-elected to a second term as RNC Chair.  Steele fell behind in balloting and dropped out of the race.

Listen to Michael Steele saying he's stepping aside:

Here is reaction from Mike Huckabee to Steele bowing out:

Wisconsin Republican Party chairman Reince Priebus is the new RNC Chair.  He won on the 7th round of balloting with 97 votes.

This is what the vote sounded like:

Here is Reince Priebus accepting his new position as RNC Chair: