Iowa Democratic Party Chairman Troy Price, who supervised a results-reporting debacle that has put his state at risk of losing its status as host of the first presidential nominating contest, plans to resign from his post.

“Democrats deserved better than what happened on caucus night,” Mr. Price wrote in a resignation letter to members of the state party’s central committee. “As chair of this party, I am deeply sorry for what happened and bear the responsibility for any failures on behalf of the Iowa Democratic Party.”

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