Mr. Dobbs resigned from his position as anchor of Lou Dobbs Tonight on Nov. 11 after 30 years of working for CNN prompting immediate speculation about his future.

Days ago he refused to rule out challenging first term incumbent Democratic Senator Bob Menendez for his seat in New Jersey in 2012.

And appearing on a radio show by former senator Fred Thompson on Monday night, Mr. Dobbs was asked, "Have you given any thought for running for President?"

"Yes, is the answer," he replied.

Earlier, Mr. Dobbs told Washington radio station WTOP, "We've got to do something in this country. And I think that being in the public arena means you've got to be part of the solution."