CONCORD, NEW HAMPSHIRE - OCTOBER 27: U.S. Rep. Dean Phillips (D-MN)(R) holds a rally outside of the N.H. Statehouse after handing over his declaration of candidacy form for President to the New Hampshire Secretary of State David Scanlan, on October 27, 2023 in Concord, New Hampshire. While touting the accomplishments of President Biden, Rep. Phillips believes that new democratic leadership is needed and has joined the 2024 presidential race. (Photo by Gaelen Morse/Getty Images)
Democratic presidential candidate Dean Phillips announced that he would lay off a significant portion of his campaign staff due to inadequate funds for his run for the presidency.
The Minnesota congressman has not been able to raise sufficient resources since announcing that he was running for office in October. His remaining campaign staff announced a cancelation of all upcoming travels. They plan to stay in Washington, D.C., as they continue with his presidential bid.
Phillips’ struggles to raise the needed funds to run a sustainable campaign started after he lost by 44 percentage points to President Joe Biden in New Hampshire, where Biden was a write-in candidate, and then by 94 percentage points in South Carolina.
Phillips has centered his bid for the presidency on the issue of Biden’s age. He frequently takes to X, noting that Biden lacks the capabilities to lead the country.
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Phillips has dabbled in controversy recently, removing the diversity, equality and inclusion section on his website after his super PAC received $1 million from hedge fund investor Bill Ackman, who famously opposes DEI policies.
These recent issues have led many observers to speculate on whether Phillips will end his presidential bid. Despite these setbacks, Phillips maintains that he will stay in the race until the Democratic National Convention in August.
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