Bloomberg out, former NYC mayor ends campaign after weak Super Tuesday

Mike Bloomberg has dropped out of the presidential race. 

After spending half a billion dollars of his personal fortune on an unsuccessful Super Tuesday bid, collecting only 44 delegates, Bloomberg suspended his campaign and endorsed rival Joe Biden. 

“I’ve known Joe for a very long time," the billionaire businessman said Wednesday. "I know his decency, his honesty, and his commitment to the issues that are so important to our country - including gun safety, health care, climate change, and good jobs.”

Despite insisting for days that he was "in it to win it," Bloomberg was purportedly reconsidering his position in the race as polls opened on Super Tuesday. 

Following middling debate showings on two separate occasions and Biden outperforming expectations in South Carolina, Bloomberg's campaign momentum all but ground to a halt.