Ron Paul announces retirement from Congress

Texas Republican Rep. Ron Paul made a surprise announcement Tuesday that he will not seek re-election to Congress, spelling an end to a nearly 24-year House career amid his third run for president.

"I felt it was better that I concentrate on one election," Paul, 75, told The Facts. "It's about that time when I should change tactics."

Paul, who remains significantly behind in many current national polls, first ran for president as a Libertarian in 1988, and as a Republican in 2008.

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