Jim Webb to drop out of Democratic race
By Nick Gass
Former Virginia Sen. Jim Webb will announce Tuesday that he will drop his bid for the Democratic presidential nomination.
In an email to reporters on Monday evening, Webb's campaign said that he was considering running as an independent. Webb will hold a press conference later Tuesday in Washington to detail his plans.
News of Webb's decision was first reported by Fox News. According to Fox, Webb is not planning to announce an independent bid on Tuesday, but is "expected to take some time after his announcement to talk with people from across the political spectrum before making a decision."
Webb has struggled to raise cash against his Democratic opponents, reporting taking in just under $697,000 in his recent filing statement, with less than $317,000 on hand — less than Harvard law professor Larry Lessig, who did not qualify for last week's debate in Las Vegas, an event where Webb felt that he did not receive enough time to speak. In the same period, Hillary Clinton raised nearly $30 million, with $25.7 million on hand.
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