Former New York City Mayor Michael Bloomberg suspended his presidential campaign Wednesday after a disappointing Super Tuesday performance.
The decision comes after the Democratic candidate won only the American Samoa caucuses on Super Tuesday. He spent hundreds of millions of dollars from his own fortune on his 2020 bid.
He immediately announced he would be endorsing Joe Biden. Fox News
“I’m a believer in using data to inform decisions. After yesterday’s results, the delegate math has become virtually impossible – and a viable path to the nomination no longer exists. But I remain clear-eyed about my overriding objective: victory in November,” Bloomberg said in his statement.
Michael Bloomberg, who spent hundreds of millions of dollars to self-fund his 2020 presidential run, announced Wednesday that he is suspending his campaign after a poor performance on Super Tuesday and will endorse Joe Biden.
What he’s saying: “I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” Bloomberg said in a statement.
Bloomberg’s self-funding drew backlash from an increasingly progressive party that is skeptical of the role of big money in politics. Bloomberg was one of two billionaires in the race, joined by Tom Steyer, who dropped out over the weekend.
Bloomberg has pledged to pay his massive staff to continue to work through November to support whoever becomes the eventual Democratic nominee.
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