Kentucky Senator Rand Paul is suspending his presidential campaign.
The Bowling Green Republican released a statement to the media Wednesday morning announcing the move.
"Although, today I will suspend my campaign for President, the fight is far from over," Paul said in his statement. "I will continue to carry the torch for Liberty in the United States Senate and I look forward to earning the privilege to represent the people of Kentucky for another term."
The decision comes two days after Paul finished a distant fifth in the Iowa GOP Caucus.
The Republican Party of Kentucky is holding a presidential caucus March 5 so that Paul could run for both the White House and another U.S. Senate term at the same time.
Paul's move to quit the presidential race means he can concentrate on his Senate re-election effort. He faces two little-known Republican primary challengers. Seven Democrats are running for the seat, including Lexington Mayor Jim Gray.
