(CNN) — New York City Mayor Eric Adams is ending his reelection bid, a move long sought by rivals of Democratic nominee Zohran Mamdani who have wanted to consolidate the opposition against him.

Adams announced his decision Sunday in a video posted to X, saying “despite all we’ve achieved, I cannot continue my reelection campaign, the constant media speculation about my future and the campaign finance board’s decision to withhold millions of dollars have undermined my ability to raise the funds needed for a serious campaign.”

“This campaign was for the underserved, the marginalized, the abandoned and betrayed by government,” Adams said. “Since then, it has been my honor to be your mayor, and I’m proud to say that we took that victory four years ago and turned it into action, making this

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