Ron Paul suspends campaign spending

Mitt Romney's only remaining competition said he will no longer spend money to win new delegates in the remaining states that have yet to vote.

Mitt Romney's only remaining competition for the GOP nomination said he will no longer spend money to win new delegates in the remaining states that have yet to vote.

The announcement means Rep. Ron Paul (R-Texas) is leaving all remaining delegates up for grabs by Romney in 11 states including Texas and California.

In an open letter to supporters Paul wrote:

“We will no longer spend resources campaigning in primaries in states that have not yet voted. Doing so with any hope of success would take many tens of millions of dollars we simply do not have.”

Romney now has 966 delegates and Paul has 104, according to the Associated Press. To win the GOP nomination, a candidate needs 1,144.

Paul did not endorse Romney and instead said he will seek to win more delegates in states that have already voted to ensure that his voice is heard at the Republican nominating convention in Tampa FL.

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