11/13/2019 03:08 pm ET
First he definitely wasn’t, then he was rumored to be considering it, and now it’s official: Former Massachusetts Gov. Deval Patrick told senior Democrats Wednesday he’s running for president, according to The New York Times and CNN.
Rumors of Patrick’s potential entrance in the race first surfaced Monday when anonymous sources told both The Associated Press and The New York Times that Patrick was concerned the existing Democratic presidential candidates weren’t capable of uniting the party in a bid to unseat President Donald Trump.
The Friday filing deadline for the New Hampshire primary added urgency to the two-term former governor’s announcement.
Given his current role as a managing director at Bain Capital, Patrick will likely enjoy the support of — and fundraising from — Wall Street, which has sounded the alarm over more progressive candidates like Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.).
He could see his Wall Street influence shrink, however, should billionaire businessman and former New York City Mayor Michael Bloomberg also enter the race. Last week, Bloomberg submitted paperwork to be on the ballot in Alabama’s Democratic primary, hinting that he might be running.
Last December, Patrick declared unequivocally that he wouldn’t run for president in 2020 because of “the cruelty of our elections process.”