Paul running for president

HOUSTON (AP) — Ron Paul, a nine-term Texas congressman who describes himself as a lifelong libertarian, announced his candidacy for the Republican presidential nomination Monday.

Appearing on C-SPAN's "Washington Journal," Paul said he was at first reluctant to run but that "a lot of people want to hear my message and I'm willing to deliver it."

Paul, who formed an exploratory committee in January, said he has raised more than $500,000 in the past month "with very little effort."

Meanwhile, Sen. Chuck Hagel, one of the more forceful Republican voices in opposition to the Iraq war, on Monday put off a decision about a possible presidential bid, saying he wanted to focus on the conflict and other pressing issues.