A Graceful Exit by Tom Steyer, Billionaire Activist on Race and Impeachment; Maybe He Will Help Bernie Now?

"I said if I didn't see a path to winning, that I'd suspend my campaign," Steyer told supporters on Saturday. "And honestly, I can't see a path where I can win the presidency."

Steyer had spent more time in South Carolina than any other candidate and fielded the largest on-the-ground campaign staff.

He caused a stir in this state because of his extensive spending. He spent nearly $24 million ads there and waged an aggressive direct-mail campaign. Some of his spending, including the practice of hiring local lawmakers as paid staff, drew unease that he was buying the black vote.