Phillips, 54, brings a unique blend of business acumen and political experience to the presidential race. Before entering politics, he co-founded and led numerous successful businesses, including a healthcare technology company and a venture capital firm. His entrepreneurial background has instilled in him a keen understanding of the economy and the challenges facing American businesses.

An heir to a Minnesota liquor business and former chairman of the Talenti gelato company, Mr. Phillips left a position in Democratic House leadership because he was considering a run for president against the wishes of most of the party’s elected officials.

Phillips' political journey began in 2018 when he successfully ran for Congress, flipping a Republican-held seat. In Congress, he has earned a reputation as a moderate Democrat, willing to work across the aisle to find common ground on issues of mutual concern. He has been instrumental in advancing bipartisan legislation on healthcare, infrastructure, and climate change.

His campaign platform is rooted in a belief that America needs a pragmatic and forward-thinking approach to governance. He advocates for a balanced budget, responsible spending, and a focus on economic growth. He believes that the government should play a role in addressing societal challenges but also recognizes the importance of individual responsibility and private enterprise.

Phillips, a moderate Democrat elected to the House in 2018, has few major policy disagreements with President Biden and has supported his agenda in Congress, but argues that Mr. Biden’s age and low approval ratings mean the party should nominate someone else.