Speed Reads

2016 Watch

Ted Cruz expected to announce presidential bid next week

Sen. Ted Cruz (R-Texas) will on Monday make it official and announce a 2016 presidential campaign, according to the Houston Chronicle. Citing "senior advisers" to Cruz, the paper said the freshman firebrand would skip the standard exploratory committee phase in favor of an immediate declaration of candidacy.

Should Cruz indeed move right on to campaigning, he would be the first major candidate from either party to officially enter the race. Sen. Lindsey Graham (R-S.C.) and retired neurosurgeon Ben Carson have formed exploratory committees, while Jeb Bush established a political action committee in preparation for an expected White House bid.