Chris Christie 2012 Campaign For President Not Happening: Report [UPDATED]

This post has been updated.

New Jersey Governor Chris Christie will not run for the GOP presidential nomination in the next election cycle, Fox News reported on Tuesday.

The big name Republican has vehemently denied he could vie for the White House in 2012 in recent months amid buzz that he could jump into the race.

The Star Ledger reports that Todd Christie, the New Jersey governor's brother, said on Tuesday, "I'm sure that he's not going to run." He added, "If he's lying to me, I'll be as stunned as I've ever been in my life."

Despite insistence from Christie himself that a presidential campaign is out of the cards, the Wall Street Journal reported on Monday:

A determined cadre of Republican donors is casting wishful eyes on New Jersey Gov. Chris Christie in an 11th-hour push to persuade the former prosecutor to enter the 2012 presidential race.

The drive reflects lingering discontent in some GOP quarters over the current crop of GOP candidates, particularly since the recent stumbles of Texas Gov. Rick Perry, who has led in national polls of Republican voters.

Two Republican sources told Politico over the weekend that Christie was reconsidering entering the presidential race.

Christie made headlines last year with his choice of words in attempting to crush speculation he could run. He said, "Short of suicide, I don't really know what I'd have to do to convince you people that I'm not running."

UPDATE: A source tells ABC News that Christie is still considering running for president. The source suggested that the remarks from the Republican governor's brother on the next election cycle should be disregarded and that the comments "were a little out of turn."

Below, video of what Christie had to say on speculation he could launch a campaign in 2012 during an appearance on CNN's "Piers Morgan Tonight" over the summer.