Minnesota Rep. Dean Phillips is launching a primary bid against President Joe Biden. Here's what you need to know.

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Democratic Rep. Dean Phillips is challenging the leader of his party, President Joe Biden, in the 2024 presidential race and faces long odds.

But he was undeterred by the challenges he faces in trying to unseat an incumbent.

"This is a country of longshots," Phillips said Friday morning at the statehouse in Concord, N.H.

The moderate third-term congressman from Minnesota, who left his Democratic leadership post earlier this month, made his candidacy official during an interview with CBS News. Phillips plans to hold an official launch rally at 11:30 a.m. Friday in New Hampshire, after filing to appear on the state's primary ballot.

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