{"id":142342,"date":"2020-03-05T03:00:38","date_gmt":"2020-03-05T03:00:38","guid":{"rendered":"https:\/\/www.bnreport.com\/bloomberg-drops-out-of-2020-race-endorses-biden-after-costly-campaign\/"},"modified":"2020-03-05T03:00:38","modified_gmt":"2020-03-05T03:00:38","slug":"bloomberg-drops-out-of-2020-race-endorses-biden-after-costly-campaign","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/bloomberg-drops-out-of-2020-race-endorses-biden-after-costly-campaign\/","title":{"rendered":"Bloomberg Drops Out of 2020 Race, Endorses Biden After Costly Campaign"},"content":{"rendered":"

Former New York City Mayor Michael Bloomberg withdrew from the Democratic presidential race on March 4, hours after finishing well behind in states that voted on Super Tuesday.<\/p>\n

\u201cThree months ago, I entered the race for President to defeat Donald Trump,\u201d Bloomberg, 78, said in a statement.<\/p>\n

\u201cToday, I am leaving the race for the same reason: to defeat Donald Trump\u2014because it is clear to me that staying in would make achieving that goal more difficult.\u201d<\/p>\n

In announcing his withdrawal, Bloomberg endorsed former Vice President Joe Biden, 77, for the Democratic nomination. Former South Bend, Indiana, Mayor Pete Buttigieg, 38, and Sen. Amy Klobuchar (D-Minn.), 59, also endorsed Biden after ending their bids in recent days.<\/p>\n

Bloomberg, who has an estimated net worth of $61 billion, spent more than $500 million of his own money on his campaign after announcing his entry into the field in late 2019. He sought to provide voters with a moderate option to Sen. Bernie Sanders (I-Vt.), 78, and Sen. Elizabeth Warren (D-Mass.), 73, but failed to convince people that he was a better choice than Biden, whose messaging has in part focused on his differences with Sanders.<\/p>\n

\u201c\u201cIve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterdays vote, it is clear that candidate is my friend and a great American, Joe Biden,\u201d Bloomberg said in the statement, saying Biden is honest and decent. Biden, Bloomberg added, is committed \u201cto the issues that are so important to our country\u2014including gun safety, health care, climate change, and good jobs.\u201d<\/p>\n

The withdrawal leaves Biden and Sanders fighting for the nomination, absent a brokered convention, which is triggered if no candidate gets a majority of delegates leading up to the convention or in the first round of voting by delegates. Candidates need at least 1,991 delegates to secure the nomination on the first ballot at the Democratic National Convention July 13-16 in Milwaukee.<\/p>\n

\"Epoch
\"Epoch<\/figcaption><\/a> Democratic presidential hopeful former Vice President Joe Biden speaks during a Super Tuesday event in Los Angeles on March 3, 2020. (Frederic J. Brown\/AFP via Getty Images)<\/figure>\n
\"Epoch
\"Epoch<\/figcaption><\/a> Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) is joined by his familRead More \u2013 Source<\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n
The Epoch Times<\/a><\/h5>\n

[contfnewc]
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\n<\/figure>\n","protected":false},"excerpt":{"rendered":"

Former New York City Mayor Michael Bloomberg withdrew from the Democratic presidential race on March..<\/p>\n","protected":false},"author":1,"featured_media":142343,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-142342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nBloomberg Drops Out of 2020 Race, Endorses Biden After Costly Campaign - Business News Report<\/title>\n<meta name=\"description\" content=\"Former New York City Mayor Michael Bloomberg withdrew from the Democratic presidential race on March..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/bloomberg-drops-out-of-2020-race-endorses-biden-after-costly-campaign\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Drops Out of 2020 Race, Endorses Biden After Costly Campaign - 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