Even with the new funding, Rep. Dean Phillips, a Minnesota Democrat, will still have a tough time in the primary contest against the president. Photo: brian snyder/ReutersHedge fund billionaire Bill Ackman said he was committing $1 million to support Rep. Dean Phillips ’s challenge to President Biden for the Democratic nomination in the presidential election. Even with the new funding, Phillips (D., Minn.) remains a long shot in the primary contest against Biden, who enjoys the backing of the Democratic Party’s machinery, despite concerns about his age and polling showing him trailing likely Republican nominee Donald Trump.

---

Persons: Dean Phillips, brian snyder, Bill Ackman, Dean Phillips ’, Biden, Phillips, Donald Trump Organizations: Minnesota Democrat, Reuters, Democratic, Republican Locations: Minnesota, Minn