Via the Houston Chronicle:
Sen. Ted Cruz plans to announce Monday that he will run for president of the United States, according to his senior advisers, accelerating his already rapid three-year rise from a tea party insurgent in Texas into a divisive political force in Washington.
Cruz, scheduled to speak Monday at a convocation ceremony at Liberty University in Virginia, will not form an exploratory committee but rather launch a presidential bid outright, said advisers with direct knowledge of his plans, who spoke on condition of anonymity because an official announcement had not been made yet. They say he is done exploring and is now ready to become the first Republican presidential candidate.
Over the course of the primary campaign, Cruz will aim to raise between $40 million and $50 million, according to advisers, and dominate with the same tea party voters who supported his underdog senate campaign in 2012. But the key to victory, Cruz advisers believe, is to be the second choice of enough voters in the party’s libertarian and social conservative wings to cobble together a coalition to defeat the chosen candidate of the Republican establishment.
The celebrating in Teabagistan will be long and loud tomorrow.