Former MSNBC anchor Dylan Ratigan running for Congress

Former CNBC and MSNBC anchor Dylan Ratigan is getting into politics. On Wednesday afternoon, Ratigan formally announced that he's running for Congress as a Democrat in New York's 21st congressional district, which encompasses several counties in the northern part of the state.

Ratigan spent three years at MSNBC before leaving the network — and the television business — in 2012. Before that, he worked as an executive for Bloomberg News and an anchor for CNBC.

Last spring, Ratigan was hired by his former MSNBC colleague, Cenk Uygur, as a contributor to his Young Turks Network. Uygur told The Hollywood Reporter that Ratigan will be a "great" candidate.

"He's not going to be weighed down by any party orthodoxy," Uygur said. "He's a truly independent thinker. Dylan understands finance better than almost anyone in the country. And he understands that the establishment is not in the money creation business anymore, they're in the money extraction business. That is at the core of what is bothering the American people — they feel like they're getting ripped off and they're right. Dylan can show them how and hopefully begin to end it."

See photos of Dylan Ratigan:

15 PHOTOS
Dylan Ratigan through the years
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Dylan Ratigan through the years
THE CHEW - Journalist Dylan Ratigan visits 'The Chew' today, March 21, 2013. 'The Chew' airs MONDAY - FRIDAY (1-2pm, ET) on the ABC Television Network. (Photo by Donna Svennevik/ABC via Getty Images) CARLA HALL, DYLAN RATIGAN, DAPHNE OZ
LATE NIGHT WITH JIMMY FALLON -- Episode 590 -- Pictured: Dylan Ratigan during an interview with Jimmy Fallon on February 16, 2012 (Photo by Lloyd Bishop/NBC/NBCU Photo Bank via Getty Images)
WASHINGTON, DC - FEBRUARY 02: MSNBC's Dylan Ratigan at Dylan Ratigan's 'Greedy Bastards' book launch party at Sidecar at P.J. Clarke's on February 2, 2012 in Washington, DC. (Photo by Paul Morigi/WireImage)
WASHINGTON, DC - FEBRUARY 02: MSNBC's Dylan Ratigan (L) talks with Rep. David Schweikert (R-AZ) at Dylan Ratigan's 'Greedy Bastards' book launch party at Sidecar at P.J. Clarke's on February 2, 2012 in Washington, DC. (Photo by Paul Morigi/WireImage)
WASHINGTON, DC - FEBRUARY 02: MSNBC's Dylan Ratigan makes some remarks at Dylan Ratigan's 'Greedy Bastards' book launch party at Sidecar at P.J. Clarke's on February 2, 2012 in Washington, DC. (Photo by Paul Morigi/WireImage)
BEVERLY HILLS, CA - DECEMBER 05: TV host Dylan Ratigan attends the 30th anniversary of People For the American Way Foundation at the Beverly Wilshire Four Seasons Hotel on December 5, 2011 in Beverly Hills, California. (Photo by David Livingston/Getty Images)
NEW YORK CITY, NY - OCTOBER 28: Dylan Ratigan attends THE HUFFINGTON POST 2010 'GAME CHANGERS' Event Hosted by ARIANNA HUFFINGTON at Skylight Studios on October 28, 2010 in New York City. (Photo by JIMI CELESTE/Patrick McMullan via Getty Images)
NEW YORK, NY - APRIL 13: TV personality Dylan Ratigan attends the 2011 Riverkeeper Fishermen's Ball at Pier Sixty at Chelsea Piers on April 13, 2011 in New York City. (Photo by Stephen Lovekin/Getty Images)
NEW YORK CITY, NY - OCTOBER 28: Dylan Ratigan attends THE HUFFINGTON POST 2010 'GAME CHANGERS' Event Hosted by ARIANNA HUFFINGTON at Skylight Studios on October 28, 2010 in New York City. (Photo by JIMI CELESTE/Patrick McMullan via Getty Images)
NEW YORK CITY, NY - JUNE 14: Dylan Ratigan and Arianna Huffington attend 14th Annual Webby Awards at Cipriani Wall Street on June 14, 2010 in New York City. (Photo by PAUL BRUINOOGE /Patrick McMullan via Getty Images)
WASHINGTON - JUNE 19: MSNBC host Dylan Ratigan and guest attend MSNBC's Radio and Television Correspondents Dinner after- party at the Historical Society of Washington, DC on June 19, 2009 in Washington, DC. (Photo by Kris Connor/Getty Images)
LATE NIGHT WITH CONAN O'BRIEN -- Episode 2616 -- airdate 07/31/2008 -- Pictured: Dylan Ratigan (Photo by Dana Edelson/NBC/NBCU Photo Bank via Getty Images)
LAST CALL WITH CARSON DALY -- Episode 894 -- airdate 04/24/2008 -- Pictured: Dylan Ratigan (Photo by Stacie McChesney/NBC/NBCU Photo Bank via Getty Images)
Karen Finerman (centre) prepares for live taping at CNBC's NASDAQ studios Times Square, New York City. Here she presents CNBC's Fast money show. Karen Finerman chats with the host of Fast Money - Dylan Ratigan (in dark suit) as she prepares for live taping. Personally she's worth $100m, runs a $400m hedge fund, and two sets of twins and four nannies. (Photo by Neville Elder/Corbis via Getty Images)
LAST CALL WITH CARSON DALY -- Episode 894 -- airdate 04/24/2008 -- Pictured: Dylan Ratigan (Photo by Stacie McChesney/NBC/NBCU Photo Bank via Getty Images)
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When he left MSNBC, network president Phil Griffin said that Ratigan's "distinct voice and his fearless approach to tackling complicated issues has been a key part of MSNBC’s growth and success."

If Ratigan is able to make it through the Democratic primary, he'd face off against incumbent Republican Elise Stefanik, who was first elected to Congress in 2014.

Stefanik is rated by the University of Virginia's Center for Politics as a "safe Republican," meaning that Ratigan would have a tough time in unseating her. Donald Trump carried the district in the 2016 election.

"He’s from the North Country, which might make him palatable to many voters," said Geoffrey Skelley, an associate editor for the Center. "However, the problem for Ratigan or whomever the Democrats nominate will be that Elise Stefanik seems to be in a pretty good position to win reelection."

He said, though, that Ratigan "will certainly have fundraising connections."

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