WASHINGTON - Republican presidential candidate Newt Gingrich said on Wednesday he it not quitting the race for his party's nomination even though he has had to lay off staff and funds are low.
"We're staying in, that's exactly why we're downsizing," the former speaker of the US House of Representatives said on WTOP radio in Washington. "Cash flow is shorter than we'd like it to be so we're doing the appropriate things to be able to campaign."
But the cuts do not signal the end of his presidential bid and he has no plans to drop out of the race, Gingrich said.
A campaign aide confirmed on Tuesday that the former Georgia congressman will lay off about a third of his campaign staff and is scaling back his schedule to focus on a strategy for the party's nominating convention.