Ron Paul Quits Campaigning

Katie Pavlich

5/14/2012 2:54:00 PM - Katie Pavlich

Ron Paul is throwing in the towel...on active campaigning at least.  Paul still plans to gather support on the ground leading up to the GOP convention in August, but has made the decision to no longer allocate resources to an offical campaign.

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."