Republican presidential candidate Rand Paul said Wednesday he's dropping out of the race for the White House.
The Kentucky senator, who finished with 5 percent of the vote in Monday's Iowa caucuses, 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."
Paul said he hopes to win another term as Kentucky senator.
"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," Paul said in the statement.