Senator Kamala Harris, who was once seen as a top tier contender for the 2020 Democratic presidential nomination, dropped out of the race on Tuesday.
"I've taken stock and looked at this from every angle, and over the last few days have come to one of the hardest decisions of my life," the California senator wrote in a note to supporters. "My campaign for president simply doesn't have the financial resources we need to continue."
Harris spent the early days of her campaign as a promising candidate, rising as high as second place in the Real Clear Politics poll average in July, but has struggled with finances as well as reports of staff disorganization and infighting, according to the New York Times.
By November, she was polling in the low single digits and laid off her New Hampshire field team to increase her focus on Iowa's first-in-the-nation caucuses on February 3.
Though she had shifted focus to the Hawkeye State, she lacked the cash to run TV ads in Iowa, a state in which Harris had not run an ad in three months. Only recently, support for a super PAC made up of former aides to pay for advertising began to gain traction within the campaign.
Harris was one of seven candidates who had already qualified for the sixth debate, which will be held in her home state of California, before today's announcement.
The senator had started her campaign in front of a crowd of20,000 in Oakland, according to her campaign, and said she is withdrawing "with deep regret — but also with deep gratitude."
Stocks are sinking again on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak.
Former White House communications director Anthony Scaramucci says he's bullish about financial markets, but he's less keen on the way his old boss is handling the coronavirus pandemic.
During a Wednesday press conference, New York Gov. Andrew Cuomo said social distancing will be key to making sure state hospitals can handle the apex of cases expected in late April.
Tal Cohen, executive vice president and head of Nasdaq's North American Markets, told Cheddar Wednesday that the markets are beginning to grasp how to function during the outbreak.
Sabine Altendorf of the Food and Agriculture Organization of the United Nations warned that while so far the impact of the rapidly evolving crisis on food supply has been limited, it could change drastically.
Coronavirus stimulus checks are going to be distributed in the next three weeks, the Internal Revenue Service said Monday, and offered a little bit more clarity on how people can actually get their payments.
Stocks are sinking again on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak.
President Donald Trump on Tuesday warned Americans to brace for a “rough two-week period” ahead as the White House released new projections that there could be 100,000 to 240,000 deaths in the U.S. from the coronavirus pandemic even if current social distancing guidelines are maintained.
As some see promising returns from California’s early shelter in place orders, Governor Gavin Newsom announced Tuesday a growing number of cases and hospitalizations in the state as a record number of Californians file for unemployment.
Senator Amy Klobuchar told Cheddar on Tuesday that Americans need cash from canceled flights to provide immediate relief, but airline executives have not responded to the call.
