A South Carolina Democrat who has filed to challenge Sen. Tim Scott this November said Thursday that he is pulling out of the race.
Rick Wade, a Lancaster native who once served as an advisor in the Obama Administration, said he was having trouble raising enough money to take on the popular Republican incumbent.
“I certainly had no illusions about being able to match a multimillion dollar campaign war chest,”he said in a statement. “But after a couple of months as a candidate, I’ve concluded that the timing of my entrance — less than a year before Election Day — had compressed the calendar too much for me to raise the money needed to mount a serious challenge.”
His withdrawal leaves Richland County Councilwoman Joyce Dickerson as the only Democratic candidate remaining in the race.
The election already has potential historical significance. Scott, Dickerson, and Wade are all African-American. That means, unless someone else enters the race, South Carolina will elect an African-American senator for the first time in state history (Scott was appointed by Gov. Nikki Haley in 2013 to replace Sen. Jim DeMint). Sen. Scott has consistently been viewed as a heavy favorite due to his popularity with both Tea Party-aligned and “establishment” Republicans.
Wade’s campaign has not filed a campaign finance report with the Federal Election Commission. In December, Scott reported receiving nearly $3.2 million for his campaign. Dickerson reported $5,390 in contributions and a $9,500 loan.