IT'S OFF! MALIA FINANCE CAUGHT WITH NEW GAL!

Fairy-tale nuptials ditched - but Barack is cheering!

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FORMER President Barack Obama’s heart shattered daughter Malia has called off her wedding to fiancé Rory Farquharson after he was caught on camera cuddling another beauty!

Malia immediately turned to her mother, Michelle, for advice, according to insiders, who say the former first lady told the Harvard coed to take a deep breath and figure out what she really wants in life.

Michelle told Malia that’s the best way to handle a crisis in a relationship, insiders say. In her best-selling memoir, Becoming, Michelle admits she used a similar strategy — and couples therapy — when her marriage to Barack reached the breaking point decades ago.

Now her 21-year-old wild child’s romance is apparently on the rocks too.