Jim Webb

Former Virginia Sen. Jim Webb to run for president

Webb, in an announcement posted on his campaign website, acknowledged he would face major hurdles but vowed to bring an outsider's voice to the 2016 race.

"I understand the odds, particularly in today's political climate, where fair debate is so often drowned out by huge sums of money. I know that more than one candidate in this process intends to raise at least a billion dollars," Webb wrote.