Democrats

John Delaney drops out of Democratic race days before Iowa caucuses

Multimillionaire banking entrepreneur and former Maryland congressman had poured millions into his campaign

John Delaney, the former Maryland congressman, has announced he is dropping out of the Democratic presidential primary race days before the first caucuses in Iowa.

The multimillionaire banking entrepreneur has poured millions of dollars of his own money into his campaign since he officially kicked off the race in July 2017, and delivered a message of pragmatism in an attempt to appeal to independents and moderate Republicans.

But in a statement issued on Friday, his campaign said it had conducted analysis that indicated his support was still “not sufficient to meet the 15% viability” threshold needed to make it through the first round of voting in Monday’s Iowa caucuses.

The statement said he did not want to prevent other candidates from meeting the threshold, especially in rural areas.

More details soon …