(CNN) - An announcement from Rep. Ron Paul indicates that the Republican presidential candidate will no longer actively campaign for the GOP nomination, but will continue to work to secure delegates at upcoming Republican state conventions.
"Moving forward, however, we will no longer spend resources campaigning in primaries in states that have not yet voted," said Paul, in a statement released Monday afternoon. "Doing so with any hope of success would take many tens of millions of dollars we simply do not have."
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As of April 1, Paul's campaign had $1.8 million cash on hand.
But the longtime congressman from Texas, who's making his third bid for the White House, says he'll continue to try and secure delegates to the Republican convention in Tampa, Florida in late August.
"Our campaign will continue to work in the state convention process. We will continue to take leadership positions, win delegates, and carry a strong message to the Republican National Convention that Liberty is the way of the future," adds Paul, in his statement.
With former Sen. Rick Santorum of Pennsylvania and former House Speaker Newt Gingrich having suspended their campaigns, Paul is the last remaining major candidate still standing against former Massachusetts Mitt Romney, the presumptive Republican presidential nominee.
According to the most recent CNN estimate, Romney has secured 945 delegates, compared 286 for Santorum, 145 for Gingrich and 99 for Paul. One-thousand, one-hundred and forty-four delegates are needed to clinch the nomination.
Last Wednesday Paul told CNN that he doesn't foresee lending his support to Romney any time soon, and that he's staying in the race to impact the party's agenda. He added that to reconcile his differences with Romney would, at this point, be "pretty hard."
"It certainly isn't for the reason of disrupting the convention," said Paul, of his push for delegates at state party conventions. "I'm in it for very precise reasons: to maximize our efforts to get as many delegates as we can. I'm still a candidate, and to promote something that is very, very important, that is a change in the direction for the Republican Party."
- CNN's Gregory Wallace contributed to this report
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the presidential election process is a COMPLETE JOKE. Ron Paul is a much better candidate than Obama or Romney. All three of these candidates DO NOT have the american people's interests at heart. I hope that this country can survive til 2016. I hope that Dennis Kucinich can win the presidency and give the American People what we deserve. NAMELY: single payer health care FOR ALL, the national initiative for democracy, a department of defense that DEFENDS america instead of ATTACKING other countries and so much more... America WILL NOT improve until a president listens to THE WILL OF THE PEOPLE instead of listening to CORPORATIONS. LONG LIVE NOAM CHOMSKY
@Say it ain't so
Be specific on how Obama destroy your country...with fact pls.
Ron Paul is still in it to win. He is simply cutting off the spending to the pointless "beauty contests" that we call primaries. Keep racking up those delegates Dr. Paul!
Ron Paul 2012
Paul must have made a deal with Romney regarding his son. Ever wonder why Paul never went after Romney like the others? Don't be surprised if Rand shows up on the top of the vp list.
I am still voting for him, even if I have to write him in. We cant just vote for someone just because they are favored to win.
Ron Paul has NOT withdrawn from the race, far from it and CNN is lying once again.
talk is cheap, I can promise about flying all of us to Mars, if I know I won't actually have to do it, RP is just talk
He's the only candidate that's honest and actually makes sense.
Tim, I assume you are an insecure person who needs a big government to make desicions for you. You should live in Europe. People like you (democrats and liberal Repubs) have ruin this country and the GOP by your need to spend instead of being responsible.
Be responsible for yourself by voting for a president who wants you to be responsible – Vote Ron Paul! Don't vote for the candidate with questionable birth certificate, legislated gov't health care and wanted to bail out large corporations.
.......SAFETY ALERT SAFETY ALERT..........................All citizens, please step away from any building. The threat of mass suicide from Paulbots is immenent. The one good thing is most Paulbots dont reside where buildings are over 2 stories........
I hope Paul at least stays in long enough to beat Newt's delegate count. The fact that Newt has 145 delegates and won two states is deeply unsettling.
To all my friends who support Ron Paul and are disappointed by this, the primaries are the playoffs, the general election in November is the championship round. Writing in Ron Paul in November is like deciding to have a pick-up game outside the World Series because you are mad you didn't win the League penant. It means nothing, but is even worse because you might just let Obama win by withholding your vote from Romney.
"When Fascism comes to America it will be wrapped in the flag and caring a cross."
Wow you guys really need to learn how to read HE IS NOT DROPPING OUT! His name will be on the ballot in the National Convention. He is just not going to spend money he dose not have to continue campaigning. He is still running! Dang guys did you get past the 6th grade in comprehension skills?
COMPLETE TRUTH.........ABOUT 2+ years ago, I went online and read over Ron Paul's platform. I was ENTHRALLED upon reading the first 5 or 6 pages. HOWEVER, I read the ENTIRE PLATFORM, and realized I did NOT want to live in a NAZI like state, where corporations run amuck and banks screw everything that moves.
Ron now needs to tell his nutty son, Rand, to retire from politics soon, too. He should move where there are no gays...perhaps a skinhead settlement.
Ron Paul is still in the race. He is not campaigning in States that have not yet held Primaries. The MSM needs to report the TRUTH instead of a skewed version of what the BANKS tell them to say!
Ron Paul has NOT withdrawn from the RACE!! He is NOT spending money in the primary states, that has long been his goal to avoid them, as the costs are too high (ie: Florida). This is horrible reporting. The very same press release mentions Dr. Paul fighting for "DELEGATES". Explain to me who try's to secure delegates when the suspend a campaign.
Keep working hard people....WE WILL NOT GO AWAY! :)
He has not quit! He is still in the race just not going to spend $ in ads that cost millions to run. His delegate strategy is paying off!
Ron Paul is not dropping out of the race, this article is very misleading. He's just not going to spend as much money anymore campaigning around the country. Most states know he's running and his followers are in place to win delegates so he's going to focus his energy on helping those delegates now. CNN is inaccurately reporting the delegate count as most of the projected delegates they project based on the straw polls are turning out to be incorrect. Ron Paul is sweeping up delegates and Romney very well could lose many of the states he won on the straw pole voting nights. So for any of you reading this article that think Ron Paul just quit, that is totally false.
He was still campaigning???
Let me get this straight......Paul is getting nowhere NEAR racking up enough delegates by campaigning, so now he is going to STOP campaigning, but is still going after delegates.
What the hell is he ACTUALLY doing?
Goodbye America. You had a chance and you blew it.
rufus – Now we have no choice at all, as Obama and Romney are virtually the same.
Egads, you have got to be kidding?! Just how are they virtually the same???