Sources: RNC Chairman Steele to Announce He Won't Run for Second Term

Good bye, see ya, wouldn't wanna be ya.

Republican National Committee Chairman Michael Steele is expected to announce he will drop out of the highly contested race to keep his post, multiple RNC sources told FoxNews.com on Sunday.

Fox News has confirmed Steele sent an e-mail to committee members Saturday night with the subject line, “conference call.”

In the note, he asked members to join him "for a private conference call" Monday evening.

Republicans picked up 63 seats in the House, narrowed the gap in the Senate and picked up 19 state legislative bodies in the November midtem election, but pressure has been mounting all year for Steele to step down from the position.

I actually pushed for this guy, well, I was dead wrong and I'll be the first to admit it. What a huge disappointment he has been.