Trump says he is honoured by 2nd place Iowa finish

Donald Trump says he's honoured by what he's calling his second-place finish in Iowa's Republican presidential caucuses.

Trump is speaking at an event with supporters after Ted Cruz was declared the winner of the Monday night contest, the first of the 2016 election.

Trump says that when he started the campaign, he was advised not to compete in Iowa because he couldn't finish in the top 10. Trump says he felt he had to do it and wanted to give it a shot.

Trump is congratulating Cruz and the other candidates. He says he thinks he'll win the New Hampshire primary next week and that he will go on to be the GOP nominee and win the White House.