Mike Bloomberg Drops Out of Presidential Race

By: Kashanda Charisma ( @kashandacharisma)

Source: CNN.com

New York City former Mayor Michael Bloomberg, after spending millions of dollars on his own presidential campaign, is dropping from the presidential race.

He now is endorsing and supporting former Vice President, Joe Biden.

He spent $409m up to the end of January, according to filings with the Federal Election Commission. Out of the 14 states and territories which voted on Tuesday, the billionaire only managed to win in American Samoa.

Joe Biden won 10 of the states, a remarkable rebound for his campaign.