Bridget Bowman is a deputy editor for NBC's Political Unit.
Rep. Dean Phillips, D-Minn., is launching a new ad for his presidential campaign by saying it's time for President Joe Biden to 'hand the torch' to the next generation. Phillips opens the minute-long spot, which he shared first in an interview with NBC News' Kristen Welker on 'Meet the Press,' by noting that Biden joined to the Senate when Phillips was only 3 years old. Phillips said Biden has served 'with grace, with competency, with empathy.
' Phillips also launched a TV ad on Friday in New Hampshire as he filed in the state to run for president. The initial spending underscores how Phillips is willing to spend his money on the campaign. A wealthy former executive of his family's distilling company and Talenti Gelato, Phillips told reporters in New Hampshire on Friday that he has already loaned his campaign $2 million 'to get us going.' But that is a fraction of the funds it takes to run a national campaign.
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