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."
The Dow Jones Industrial Average closed 500 points higher on Wednesday, following a Midterm election that returned the U.S. House to Democratic Party control. But Samantha Azzarello, global market strategist for JPMorgan ETFS, told Cheddar not to expect an overheated market in the next Congress. "We're not going to have another pop and another overheating of growth in 2019 and 2020," she said.
President Trump announced on Twitter on Wednesday that Jeff Sessions will be resigning and Matthew G. Whitaker, chief of staff to Sessions will be the new Acting AG. President Trump declined to comment on Sessions only an hour before in his post-election presser.
Voters in San Francisco gave overwhelming support on Tuesday to a measure that would tax big tech for the sake of the homeless. And not everyone in the Silicon Valley stronghold is happy.
In a post-election press conference, President Trump vacillated between subdued and combative as he called Tuesday's election ー in which Democrats took control of the House and several pivotal governorships ー a "very close-to-complete victory."
The Democrats may not have gotten quite the blue wave they were hoping for ー but for women in politics, Election Day was an indisputable success. "I think the night was better than you thought it would be going in. I'm seeing something like a pink tsunami, compared to that Democratic blue wave," Bustle senior political correspondent Erin Delmore told Cheddar on Wednesday.
Microsoft will continue to provide technology to U.S. agencies and the military, despite the objections raised by employees over how the products are being used, specifically with regard to immigration and border control. "We will be proactive in using our voice," said Microsoft President Brad Smith, speaking to Cheddar from the 2018 Web Summit in Lisbon, Portugal. "We think we'll be more persuasive if we're engaged than if we withdraw."
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The 2018 Midterms may well go down in U.S. history as an election of firsts, with historic wins for Muslims, women, and LGBTQ candidates.
Michigan became the first Midwestern state to fully legalize recreational marijuana on Tuesday ー one of four states with marijuana-related legislation on the ballot in the 2018 midterms. Marijuana was one of the key issues up for review on multiple state ballots on Election Day Tuesday alongside criminal justice reform.
Americans woke up on Wednesday to a different political landscape ー if not the blue wave Democrats had hoped for. On the strength of female candidates and first-time voters, the Democrats successfully flipped the House of Representatives, gaining at least 23 seats, with more than a dozen yet to be called, according to the latest race calls from the Associated Press as of Wednesday morning.
