Bush slashes campaign budget, refocuses on key primary states

Republican presidential candidate Jeb Bush is slashing his campaign budget with across-the-board pay cuts and other changes, overhauling an operation that started as a political juggernaut but now may need to stay lean to survive.

The one-time GOP front-runner has seen his political momentum undercut by outsider candidates Donald Trump and Ben Carson, who now lead in most polls, relegating the former Florida governor to the middle of the pack.

In a bid to recalibrate its strategy and operations, the Bush campaign plans to cut its budget by as much as 45 percent. This includes pay cuts of 40 percent, cuts to travel costs and a downsizing of its Miami headquarters staff, Fox News has learned.