Former Rep. Beto O'Rourke has decided to forgo a second run for Senate, according to a source with knowledge of the decision.
O'Rourke is likely to announce his bid for president in the coming weeks, the source added.
"Amy and I have made a decision about how we can best serve our country," O'Rourke said in a statement provided by his spokesman. "We are excited to share it with everyone soon."
The news was first reported by The Dallas Morning News.
O’Rourke previously said he would make a decision about a run for president by the end of February.
The 46-year-old rose to national prominence during his senate race last year against Ted Cruz. O’Rourke lost the race by less than three points – just about 215,00 votes – in a historically red state that has not elected a democrat to the Senate since 1988.
O’Rourke raised over $80 million throughout the race, financial documents filed with the Federal Election Commission shows. His campaign committee, Beto for Texas, had just over a quarter of a million dollars dollars cash on hand, those documents reveal.