Photo: Congressmember Dean Phillips

Billionaire investor Bill Ackman said he plans to donate $1 million to a political action committee backing Rep. Dean Phillips (Minn.) — the Democrat who launched a long-shot primary challenge to President Biden last year.

In a lengthy post on X, the platform formerly known as Twitter, Ackman said Phillips would be “a truly outstanding President of the United States,” adding that he believes he has a “credible path” to the nomination. He said he will donate $1 million to the We Deserve Better PAC this week.

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