Billionaire Tom Steyer ends 2020 Democratic presidential bid

National

Democratic presidential candidate Tom Steyer speaks at a campaign event in Myrtle Beach, S.C., Wednesday, Feb. 26, 2020. (AP Photo/Gerald Herbert)

COLUMBIA, S.C. (AP) – California climate activist Tom Steyer is suspending his presidential campaign. Steyer announced Saturday night in Columbia, South Carolina, that he was dropping out of the White House race.

After spending nearly $24 million on television advertising in the state, he finished in third place, behind former Vice President Joe Biden and Vermont Sen. Bernie Sanders in the primary.

Steyer rose to national prominence as a climate change activist and by investing heavily in a campaign to impeach President Donald Trump.

His presidential campaign was focused on South Carolina, where he sought to appeal to black voters by decrying yawning inequalities in American life that he said were caused by racism.

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