The paperwork for the “exploratory committee” has been filed, making it all but official that Mitt Romney will actively pursue the 2008 GOP presidential nomination.

Massachusetts Gov. Mitt Romney said Wednesday he's taking the first step in a 2008 presidential bid, joining an increasingly crowded field of Republican hopefuls.

"We've filed exploratory papers today, so the process is moving forward on that front," he told reporters Wednesday, his final day in office.

A spokesman for Romney later said the paperwork officially would be filed late Wednesday afternoon in Washington with the Federal Election Commission. The formation of an exploratory committee allows Romney to raise and spend money for a presidential run.

Romney's confirmation of his plans comes after a 10-day period of contemplation during a family vacation in Utah and follows several years in which he acknowledged he was considering a White House run but hadn't made a final decision about pursuing the presidency.

Forming an exploratory committee is the prelude to a full declaration of candidacy for the presidency,

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