Only last month some 800 No Labels delegates voted to launch a
presidential campaign for the November election and identify
potential candidates, following months of fundraising.
A parade of politicians declined to run for No Labels, including
U.S. Senators Joe Manchin, a Democrat, and Krysten Sinema, an
independent. Most recently, former New Jersey Governor Chris
Christie, a Republican, decided against running as the group's
candidate.
"No Labels has always said we would only offer our ballot line
to a ticket if we could identify candidates with a credible path
to winning the White House," the group said in a statement. "No
such candidates emerged, so the responsible course of action is
for us to stand down."
The group sought to offer an alternative to the two major-party
contenders, President Joe Biden, a Democrat, and Republican
rival Donald Trump.
No Labels raised at least $50 million to mount its third-party
bid, and prompted concerns from Democrats that its efforts would
undercut votes for Biden. No Labels had gained ballot access in
21 states.
(Reporting by Eric Beech, Jarrett Renshaw and Stephanie Kelly;
writing by Paul Grant; editing by Nick Macfie and Alistair Bell)
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