(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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If the world was Fair and Just, Ron should be president.
Ron Paul is NOT dropping his bid for the GOP nomination, he is only going to stop actively campaigning in primary states. Seeing as he has secured at least 5 states (currently 10 and counting,) he is already guaranteed a spot on the ballot in Tampa. Going by what has been happening in the state conventions this past month the GOP (and flip flop Romney) are going to be in for a rude awakening in Tampa when it is Ron Paul that comes away with the nomination.
Stay strong Ron Paul supporters, the real fight has only just begun.
To trex you're already living in a state, where corporations run amuck and banks screw everything that moves. wake up.
There are two posters, whom have stated Ron Paul is not withdrawing. They are correct. The article states He is no longer seeking the GOP Nomination. He is, however, still a Presidential Candidate.
On to Tampa to cut down Mitt Mccain.
A wise move by Ron Paul. There is still a great deal of dissatisfaction among Republicans for Romney. Support for Paul should be a wake up call for Romney that he may win the nomination, but he still lacks the backing of a significant number of Republican voters.
Money and corruption prevails once again. I guess most of American's want more of the same....get ready for the collapse.
that really sucks. this man had it all – logic, common sense, sensibility. it was fun to be hopeful while it lasted
Never fear – from his secret base inside the Hollow Earth, Ron Paul will be fighting for the ideals of batcrap nutty neo-feudalism.
Remind me again why he thought he was running?
Focusing on delegates – oh, you mean where your followers were getting themselves named to go to the convention in hopes that they could steal the nomination for you?
Not of fan of any member of the Paul family in the least but even he would be a better choice than Willard. At least he doesn't ship American jobs overseas and then claim "he's an American."
shame on you CNN .. you are misinforming the public. All Paul said was that his campaign is focusing pretty much on Cali and Texas. Paul has a ticket to Tampa. And it will be brokered convention.
Ron Paul will keep Romney from winning the first ballot at the convention.
He is not dropping out! He is simply going to save $ by not spending it on campaigning. Instead, he is working to rack up delegates. Currently he has around 230, whereas Romney only has around 350. The media LIES about Romney's delegate count.
The delegates do NOT have to vote the same way as the popular vote. They can vote however they wish. See rule 38. If the national convention forces a delegate to vote according to popular vote, and the delegate doesn't wish to, the delegate can abstain, hope enough others abstain in order to force a brokered convention, and then in second round of voting they can vote however they please. It's all about having supporters who are delegates, which Dr. Paul has a large number of and will continue to work to obtain. Even the article says that he will be focusing on delegates!.
Congressman Paul, you fought the good fight, and you lost, big-time. Suggest you and your followers apologize to Mitt Romney's son. Then suggest you and your followers get solidly behind Mitt Romney, or you will be cut out of the picture at the convention.
It is amusing coming to CNN and reading comments about Ron Paul and his supporters referred to as Paultards. If you support a candidate that is honest and has the American people in his best interest, then I guess I am a tard. We truly live in sorry times. I cant tell if the MSM is just brainwashing people into believing that Romney is a better choice than Paul or if we really do have millions of blind people in this country. Any American with a brain can look back and realize this country is not what it used to be, the government has complete control of our lives. We have no freedom, we are slaves to the corporate greed that has become so rampant. It is ridiculous, I cant drive or fly to the state next to me without being forced into strip searches. CNN's viewership is at a ten year low, that is a good sign. Seems some people are awaking and using their brain instead of letting the TV do it for us, but not enough. I am afraid of what is to come with another 4 years of broken promises. Why do we have so many wars? We need to stop the wars, the whole world hates America. Bring home the troops.
Paul is another example of how out of touch the far-right is with the country. He wants to use symantecs to prove that he is still a candidate, but doesn't campaign. He wants to talk about what he has won instead of what he has lost. The people have made it abundantly clear they do not like his ideas or plans for this country. Simply shut it down and quit wasting money – period. The article talks about "cash on hand" but not how much debt.
All of these gop candidates have talked about fiscal responsbility yet have run up massive campaign debts that they will probably default on at some point. Yet, we are to believe that they are morally and financially ethical.
Ron Paul has the best foreign and fiscal policy. I still like the idea of a flat tax thought, maybe 15% That way people have more money to spend, and we can still maintain infrastructure and education.
Ron Paul is still in the game. It's still on. Let's go baby. Ron Paul 2012. Liberty for life.
Ron Paul, the ONLY honest man in politics. Not only honest but brilliant. His ideas are crucial to bringing this country back to where it once was. The only man who would keep all the promises Obama hasn't kept. Ending the two wars Bush started, closing Gitmo, and leaving medical marijuana dispenseries alone. Not only that, he would legalize marijuana, a very important medicine for our generation.
All by himself right? I guess I missed the memo re the U.S. Congress has been dissolved. IF that is the case Paul is really something.
Poor Ron Paul supporters – quite possibly the most DELUDED "voters" on planet Earth. Keep up the good work.........maybe you'll give Rob-Mey some trouble at the convention!!!!!!!!! Go on , then!
Ron Paul 1812!
@Cyndie Malik He is not campaigning for the nomination. He is still seeking the nomination through obtaining of delegates. You don't need commercials and heavy campaigning to get delegates. Paul knows this and is using what little cash he has wisely. All the more reason he needs to be president. He can be frugal.
"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."
And he decided the best way to "secure delegates" is to stop trying to obtain any more in states that haven't yet voted. I hope all you Ron Paul groupies realize he sold you out, just as some of us predicted months ago. And look at the language he uses to insult you. That "we're gonna secure more delegates by not trying to secure any more delegates" is typical braindead GOBP doublespeak propaganda. Emerge from your unicorn dreams of a Ron Paul presidency and realize how disgusting and vile the GOBP cult's lie-based "reality" is. It's offensive to all sane people. Does that include you Ron Paul fans?
Ron Paul is a nut who lives in the 18th century.