Billionaire hedge fund manager Bill Ackman pledged over the weekend to donate $1 million to help the campaign of Rep. Dean Phillips (D-MN), a Democrat who is running against President Joe Biden for their party’s nomination.
In a post to X, Ackman noted that he believes Phillips, who has loaned his own campaign millions of dollars, “would be a truly outstanding” president and argued the congressman “has a credible path to winning the nomination despite what the oddsmakers may think.”
To assist in that effort, Ackman said, he is wiring $1 million to We Deserve Better, a political action committee that is supporting Phillips. “This is by far the largest investment I have ever made in someone running for office, and I am making this investment at a high-risk, but critically important moment for his campaign,” Phillips added.
Phillips, like other challengers against the…
