Bloomberg drops out of presidential race

Billionaire Mike Bloomberg endorses former Vice President Joe Biden after Super Tuesday.

By

National News

March 4, 2020 - 9:54 AM

Democratic presidential candidate Mike Bloomberg speaks during a campaign rally at the Palm Beach County Convention Center in West Palm Beach, Fla., on Tuesday, March 3, 2020. Photo by (Matias J. Ocner/Miami Herald/TNS)

NEW YORK (AP) — Billionaire Mike Bloomberg ended his bid for the Democratic presidential nomination today and endorsed former Vice President Joe Biden. It was a stunning collapse for the former New York City mayor, who had his 2020 hopes on the Super Tuesday states and pumped more than $500 million of his own fortune into the campaign.

Bloomberg, 78, announced his departure from the race after a disappointing finish on Super Tuesday in the slate of states that account for almost one-third of the total delegates available in the Democratic nominating contest. He won only the territory of American Samoa and picked up several dozen delegates elsewhere. Biden, meanwhile, won big in Southern states where Bloomberg had poured tens of millions of dollars and even cautiously hoped for a victory.

Two of his former Democratic rivals, Amy Klobuchar and Pete Buttigieg, dropped out of the race and endorsed Biden as the moderate alternative to Vermont Sen. Bernie Sanders just the day before Super Tuesday.

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