Billionaire Bill Ackman Boosts Democrat Dean Phillips’ Presidential Campaign with $1 Million

Dean Phillips

Billionaire hedge fund manager Bill Ackman is giving Rep. Dean Phillips a $1 million donation to boost the Minnesota Democratic congressman’s 2024 presidential primary bid against President Joe Biden. 

Ackman, who has already made the maximum individual campaign donation of $3,300 to Phillips, said he plans on donating $1 million to We Deserve Better, a political action committee supporting Phillips, on Tuesday, according to a post the financier made over the weekend on X, formerly Twitter.

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Presidential Candidate Dean Phillips Says He Won’t Seek Fourth Term in Congress

While Minnesota Congressman Dean Phillips continues his longshot campaign to wrest away the Democrat nomination for president from incumbent Joe Biden, the Wayzata millionaire officially announced on Friday that he’ll no longer pursue a fourth term in the U.S. House of Representatives.

“Representing our nation’s most civically engaged community in Congress has been the most joyful experience of my life,” Phillips said in a social media post shortly after noon on Friday. “Now it’s time to pass the torch — with gratitude and optimism.”

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Minnesota Rep. Signals to Colleagues He’s Planning to Challenge Biden for Presidential Nomination: Report

Minnesota Democratic Rep. Dean Phillips has signaled that he is planning on running against President Joe Biden in 2024, Politico reported Thursday.

Phillips has been considering a White House bid for months, and relayed his aspirations to run to House colleagues, two sources familiar told Politico. The congressman has signaled that he’s inching toward a presidential campaign, as the outlet reports that he reached out to the New Hampshire Democratic Party last week and approached potential staffers to bolster his expected efforts in the key early state.

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Two House Democrats Ask Their Voters to Support Liz Cheney in Primary

Two Democratic members of the U.S. House of Representatives are publicly asking Democratic voters in Wyoming to vote for Congresswoman Liz Cheney (R-Wyo.) in her upcoming primary, as she faces likely defeat at the hands of a pro-Trump challenger.

According to the Daily Wire, Congressmen Tom Malinowski (D-N.J.) and Dean Phillips (D-Minn.) made their appeals to Wyoming Democrats in online campaign ads this week, voicing their support for Cheney’s re-election.

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