Sen. Ted Cruz announces presidential bid, vows to 'stand for liberty'

Texas Republican Sen. Ted Cruz announced that he will run for president in 2016 via a Twitter post early Monday, becoming the first major candidate to officially declare."I'm ready to stand with you to lead the fight," Cruz says as the video concludes. Shortly after midnight Monday, the campaign had launched its website. Cruz had been expected to make the official announcement later Monday during a speech at Liberty University in Lynchburg, Va. He is expected to start his campaign immediately rather than launch an exploratory committee, which many do as a precursor to a campaign.

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