Update, Oct. 20, 2015, 12:10 p.m.: Former Sen. Jim Webb has dropped out of the Democratic primary and announced he'll consider running as an independent presidential candidate.
Former Sen. Jim Webb, who today announced his bid to become the Democrats’ presidential nominee, has been a dark horse before.
In 2006, Webb, a former Secretary of the Navy who had never occupied political office, ran for U.S. Senate in Virginia against former Sen. George Allen. Allen, a Republican, spent about twice as much as Webb. He was expected to easily win. But after a liberal campaign operative captured Allen using a racial slur, Webb pulled off an upset.
Webb is hoping for an even more unlikely upset — this time in a Democratic primary field dominated by Hillary Clinton, the former secretary of state, senator and first lady.
Webb must demonstrate he can raise money to stay competitive. Here’s more on Webb’s political and financial history: