NYC mayor drops out of race for White House

New York City Mayor Bill de Blasio on Friday dropped out of seeking the Democratic Party's nomination for president.

His announcement came as it became clear he was unlikely to qualify for the fourth Democratic debate next month because he lacked the support and funds to sustain his bid.

"I feel like I've contributed all I can to this primary campaign, and it's clearly not my time," he said in a television appearance. "I'm going to end my presidential campaign, continue my work as mayor of New York City, and I'm going to keep speaking up for working people."

A recent poll by Siena College of registered New York State Democrats found that less than 1 percent favored the mayor as the Democratic nominee.

President Donald Trump greeted the news with sarcasm, characterizing de Blasio's withdrawal as "really big political news, perhaps the biggest story in years!"