In a press conference Monday morning, New York City Democratic mayoral candidate Bill Thompson ended his bid to succeed Michael Bloomberg and endorsed Democratic rival, Bill de Blasio. The top two Democratic vote getters in last week's primary appeared in a joint press conference. “I am proud to stand here today and support Bill de Blasio to be the next mayor of the City of New York,'’ Thompson said.

Thompson's concession makes de Blasio the undisputed Democratic nominee for mayor. Thompson, the former city comptroller who came within 5 percentage points of Bloomberg in the race for mayor four years ago, finished second in the Democratic primary last week with 26 percent of the vote.

Read it at Slate.