Mike Pence to Run for Indiana Governor In 2012

U.S. Rep. Mike Pence is running for Indiana governor in 2012.

The conservative Republican told supporters on a conference call Thursday that he will seek the office currently held by Republican Gov. Mitch Daniels. Most already expected Pence to run after he ruled out a White House bid and resigned his No. 3 GOP House leadership position.

Pence is considered the favorite in the race because he carries strong name recognition, a network of supporters and campaign cash that could help him clear the field of other Republicans considering a run.

Democrats still lack a candidate, but former House Speaker John Gregg says he is considering entering the race.

Daniels cannot seek a third consecutive term and is set to announce in coming weeks whether he'll run for president.