Former New York City Mayor Michael Bloomberg dropped out of the 2020 race on Wednesday after a disappointing performance on Super Tuesday despite spending hundreds of millions of dollars in advertisements.
“Three months ago, I entered the race for President to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump — because it is clear to me that staying in would make achieving that goal more difficult,” Bloomberg said in a statement.
He also endorsed former Vice President Joe Biden, saying it was clear from the Super Tuesday results that Biden was the best candidate to defeat Trump in November.
The Hill
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