Aides: Ron Paul to make 3rd bid for president - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Aides: Ron Paul to make 3rd bid for president

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FILE - In this May 5, 2011 file photo, Rep. Ron Paul, R-Texas speaks in Greenville, S.C. FILE - In this May 5, 2011 file photo, Rep. Ron Paul, R-Texas speaks in Greenville, S.C.

WASHINGTON (AP) — Campaign aides say Texas Rep. Ron Paul will run for president for a third time.

Aides said Paul will announce those plans on Friday while in New Hampshire. He formed a campaign exploratory committee last month.

The aides would speak only on background because the announcement is not yet official.

Paul ran for president in 1988 as a Libertarian and sought the Republican nomination in 2008. He amassed a large following with his libertarian views but it didn't translate into a significant number of delegates.

He calls for dramatically reducing government spending and scaling back management of the economy.

Copyright 2011 The Associated Press.

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