CNN Political Ticker

Source: Colbert to file for S.C. Democratic primary

Colbert's presidential bid is no joke.

COLUMBIA, South Carolina (CNN) - Funnyman Stephen Colbert's presidential campaign is apparently no joke.

The host of Comedy Central's "The Colbert Report" will file papers late Wednesday or early Thursday to put his name on South Carolina's Democratic primary ballot, a source familiar with the comedian's strategy said.

The South Carolina native will not file papers as a Republican because the $35,000 required to get on the GOP ballot is apparently too high a threshold.

"They priced us out of range," the source told CNN.

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- CNN South Carolina Producer Peter Hamby