CHICAGO, Ill. -- Democrat Bill Daley has officially dropped out of the race for Illinois governor.
Speaking in Chicago on Tuesday morning, Daley said he had been losing sleep for weeks while considering if he should drop out.
However, the former White House Chief of Staff said it wasn't because he feared he would lose.
Instead, he said he feared winning and the long-term commitment the position would have required.
"As I surveyed both the rigors of this campaign and the enormity of the challenges of fixing these problems, I've concluded that I cannot commit to what the voters may need," said Daley.
Daley plans to give all of his campaign contributions back as he returns to work in the private sector.
Governor Pat Quinn is now the only Democrat running for the seat in 2014.