Michael Bloomberg Quits Democratic Race, Ending a Brief and Costly Bid

The New York Times reports that "Michael R. Bloomberg dropped out of the presidential race on Wednesday, just over three months after he began a campaign that was fueled by his vast fortune and quickly grew to a sprawling political operation but failed to win the groundswell of moderate support he had sought. Mr. Bloomberg endorsed Joseph R. Biden Jr., saying that he had the best shot to beat President Trump."

Michael R. Bloomberg dropped out of the presidential race on Wednesday, just over three months after he began a campaign that was fueled by his vast fortune and quickly grew to a sprawling political operation but failed to win the groundswell of moderate support he had sought. Mr. Bloomberg endorsed Joseph R. Biden Jr., saying that he had the best shot to beat President Trump.

After staking his candidacy on doing well on Super Tuesday, he did not collect on his grand bet, winning only American Samoa.

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