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Kentucky Sen. Rand Paul on Tuesday formally announced the launch of his bid for the White House, posting on RandPaul.com: "I am running for president to return our country to the principles of liberty and limited government."

Paul is the second GOP contender to officially announce his candidacy, after fellow Republican Sen. Ted Cruz become the first major candidate late last month.

Paul, 52, is casting himself as an anti-establishment candidate who is also inclusive of a broad electorate - an attempt to create a more credible campaign than his father Ron Paul, who had a devoted national following but failed three times in his presidential bids.

Paul's official launch event will be held at 11:30 a.m. Eastern in Louisville, Ky.

Watch the announcement live: politico.com/live

For more information... http://go.politicoemail.com/?qs=bd89a028984bde6c0bfd124b04fe903b88754ba1230551442356355346dfad29

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