|Ron Paul is expected to run for president a third time.|
NEW YORK ( TheStreet) -- Texas Rep. Ron Paul is expected to announce plans to seek the Republican nomination in the 2012 presidential election on Friday, CNN reported, citing a source close to the campaign. Paul is expected to make the announcement at a Friday morning campaign event in Exeter, New Hampshire.
It will be Paul's third bid for the White House. He ran as the Libertarian Party nominee in 1988 and sought the Republican nomination in 2008. Paul launched a presidential exploratory committee at the end of April and attended the first Republican presidential debate last week after raising more than a million dollars online, Fox News reported. Congressman Paul is currently the chairman of the House Financial Services Subcommittee on Domestic Monetary Policy. As an advocate for limited constitutional government and a monetary policy based on the gold standard, Paul is a famous critic of the Federal Reserve. Paul joins several other candidates vying for the 2012 GOP nomination, including former House Speaker Newt Gingrich. -- Written by Theresa McCabe in Boston. >To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: email@example.com.