Former New York City mayor Michael Bloomberg announced early Wednesday that he is suspending his presidential campaign after he posted dismal results on Super Tueday, netting only a handful of delegates after spending nearly $500 million of his own money.
Bloomberg’s campaign announced Tuesday night that they were “reassessing,” after Bloomberg won only a single territory — American Samoa — and performed well below expectations in nearly every Super Tuesday primary state save Arkansas, where he made a solid third place showing, finishing just behind Sen. Bernie Sanders (I-VT).
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