BREAKING: Billionaire activist Tom Steyer is ending his campaign for the Democratic presidential nomination after a disappointing finish in the South Carolina primary. Election2020 SCPrimary
Democratic presidential candidate Tom Steyer speaks at a campaign event in Myrtle Beach, S.C., Wednesday, Feb. 26, 2020.
“Am I going to continue to work on every single one of these issues?” Steyer said in announcing his departure. “Yes, of course I am. I’ve never stopped.” Officially in the contest, Steyer said he was prepared to spend $100 million toward his presidential ambitions and would remain committed to giving at least $50 more million this election cycle to outside groups he helped create, including Need to Impeach. But Steyer’s wealth was characterized as a liability in a puritanical Democratic primary, with both Bernie Sanders and Elizabeth Warren decrying the presence of billionaires in the 2020 race.
He racked up notable endorsements, including the chiefs of the Legislative Black Caucus and Democratic Black Caucus, as well as thebehind President Barack Obama’s vaunted campaign chant, “Fired up, ready to go.”
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