03/28/2008 02:45 am ET | Updated May 25, 2011

Cash-Crunched Thompson Reduces Staff's Salaries

Near the bottom in New Hampshire's primary results and strapped for cash, Republican Fred Thompson's campaign is cutting staff salaries to free up resources for a last-ditch effort to revitalize his White House bid in South Carolina. The decision means Thompson will mostly forgo the next primary, scheduled in Michigan, on which rivals John McCain and Mitt Romney are already setting their sites.

"This campaign is going to be a South Carolina campaign," Thompson campaign manager Bill Lacy said in a statement released as New Hampshire primary results showing a McCain victory were being tallied.

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