Long-shot candidate Jim Webb is expected to drop out of the Democratic race Tuesday and explore the possibility of an independent presidential bid, according to news reports, including Fox News and MSNBC.

The former Virginia senator scheduled a news conference for Tuesday afternoon, a week after the first Democratic debate of the 2016 election cycle.

In a statement, the campaign said Webb will discuss "his candidacy, the campaign, and his views of the political parties in the current election cycle" during the news conference.

"While Webb is thought to be weighing a possible independent bid, he is not expected to launch an independent campaign for president Tuesday," according to Fox News, which was first to report Webb's decision. "Rather, he's expected to take some time after his announcement to talk with people from across the political spectrum before making a decision."

Webb spent much of the debate complaining about equal time during the debate, earning himself attention on social media and a parody on Saturday Night Live.

During the debate and on the campaign trail, Webb has argued that big money in political has corrupted both political parties -- "poisoning our political process," he said during the debate.

Ahead of Tuesday's announcement, Webb's website touted the prospect of an independent candidacy.