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Wayne Messam. Photo: Sean Rayford/Getty Images

Miramar Mayor Wayne Messam (D-Fla.) announced on Wednesday that he is dropping out of the 2020 presidential race.

The big picture: Messam got into the race after Southbend, Ind. Mayor Pete Buttigieg's announcement, however, the small-town Florida mayor failed to gain the momentum that Buttigieg's campaign achieved. Messam did not make it on to any debate stage and struggled to see significant gains in polling.

  • Messam is Miramar's first black mayor, the owner of a construction company, a former college football player and the son of a Jamaican sugarcane worker.
  • Messam raised $15,311.86 and had $18,011.12 cash on hand, according to his campaign's Federal Election Commission filing in Q3.

Of note: Messam faced controversy early on when staffers began to exit his campaign, claiming his wife consolidated the campaign's finances and refused to cut checks, the Miami New Times reported.

What he's saying:

"Despite not getting the same early media exposure as other candidates were freely given and transferring millions of dollars from existing federal campaign accounts as many of the candidates did, my campaign shocked many by being recognized as a credible candidate, registering in polls in early states, nearly making the first debate and polling just behind the top four candidates in my battle ground state of Florida in a recent Florida Atlantic University Poll. In the end, it was not enough to continue this current race as a candidate."
— Wayne Messam said

Go deeper: 2020 presidential election: Track which candidates are running

Go deeper

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Miami mayor: Bitcoin's appeal is that governments can't manipulate it

Miami Mayor Francis Suarez is pushing to make bitcoin a part of his city's economic future, and in an interview with "Axios on HBO," he pushed back against the economic orthodoxy of people like Treasury Secretary Janet Yellen who say it's a bad idea.

Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

Dion Rabouin, author of Markets
2 hours ago - Politics & Policy

Miami mayor acknowledges Big Tech plans could hurt the city's poor

Photo: "Axios on HBO"

Miami Mayor Francis Suarez's ambitions to attract Big Tech has generated a lot of headlines — but it will likely come with some negative impacts for current residents, for which the mayor admits there may not be solutions.

What he's saying: "Gentrification is real," Suarez told "Axios on HBO." But even with his efforts to promote affordable housing, he argues that "government has a limited amount of resources and a limited amount of ability to stop things that are market driven."