INDIANAPOLIS, IN (WAVE) - Democratic nominee for U.S. Senate Baron Hill announced his decision to withdraw from the race on Monday, and NBC News is reporting that former Indiana Democratic Sen. Evan Bayh has decided to run for the open Senate seat being vacated by retiring Sen. Dan Coats.
Hill won the Democratic Senate primary in May and was set to face Republican Congressman Todd Young in the general election on November 8.
"While our campaign had been making great progress and building momentum all over Indiana, it is simply not enough to fight back against the slew of out-of-state, special interest and dark money that is certain to come our way between now and November," Hill said in a written statement on Monday.
"Democrats have a very real chance at winning this Senate seat, especially with a strong nominee who has the money, name identification and resources to win," Hill continued without mentioning Bayh by name.
Bayh, a centrist Democrat who was one of Barack Obama's vice-presidential running mate finalists in 2008, retired from the Senate in 2010, and Coats won his seat.
Bayh has a whopping $9.3 million in the bank in his still-active campaign account, according to the latest filing with the Federal Election Commission.
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Democrats need to pick up four Senate seats to win control of the U.S. Senate if Hillary Clintons win the White House (because her vice president would be able to cast the tie-breaking vote). But if Trump wins, Democrats would need to pick up five seats.
Indiana Democratic Party Chairman John Zody released the following statement following Hill's announcement:
"Baron Hill is a friend and a mentor, and I am proud to know him," Indiana Democratic Party Chairman John Zody said in a written statement. "His service to this state has always come from the heart – he is one of the most principled people I have ever had the pleasure of knowing. Congressman Hill has informed me of his withdrawal from the U.S. Senate race, and as State Party Chair I will begin the process for the Democratic State Central Committee to fill the ballot vacancy in accordance with Indiana state law."