Kentucky Senator Rand Paul said he is suspending his campaign for the White House on Wednesday morning.
Paul, 53, who finished fifth in the Iowa Caucus, said in a statement: "It's been an incredible honor to run a principled campaign for the White House. Today, I will end where I began, ready and willing to fight for the cause of liberty.”
He added: "Across the country thousands upon thousands of young people flocked to our message of limited government, privacy, criminal justice reform and a reasonable foreign policy. Brushfires of Liberty were ignited, and those will carry on, as will I.”
Since announcing his run for president in April 2015, he was unsuccessful in breaking single digits in national polls. During Monday’s caucus, he finished with 4.5 percent of the vote in Iowa--behind Ted Cruz, Donald Trump, Marco Rubio and Dr. Ben Carson.
On Wednesday morning, he tweeted a video to his supports to thank them for their backing.
The news of the senator dropping out of the race comes after his former Republican rival Mike Huckabee and Democrat Martin O'Malley suspended their campaigns following the Iowa Caucus.
Paul said he will now focus on his reelection to the U.S. Senate, saying in his statement: “Although, today I will suspend my campaign for President, the fight is far from over. 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 son of former Texas Congressman Ron Paul, was named “The most Interesting Man in Politics” in 2014 by Time magazine.