WHAT YOU NEED TO KNOW:
- Billionaire philanthropist Michael Bloomberg is planning to file paperwork for the Alabama primary at the end of this week, making a late entrance into the 2020 Democratic primary field, a spokesman for Bloomberg told CNN.
- Last year, the former New York City Mayor publicly floated running for president but said in March that he wouldn’t run.
- The three-time former mayor is expected to file paperwork for the Democratic primaries in Alabama because of the state’s early filing deadline as Alabamans will pick their Democratic nominee on March 3.
Former New York City Mayor Michael Bloomberg is preparing a potential run for a 2020 bid after taking himself out of the running in March, a spokesman for Bloomberg told CNN.
Citing sources close to the billionaire, The New York Times reported that Bloomberg has become concerned over former Vice President Joe Biden’s lackluster fundraising and slipping performance in the polls.
After Bloomberg announced on March 5 that he would be sitting out the presidential race, he said he would help fund Democratic candidates in down-ballot races and give money to causes fighting climate change.
A Democratic strategist who has worked with the former mayor said that Bloomberg is “reconsidering his options, in part, because of the outcome in this week’s elections in Virginia, where investments from his gun control group helped Democrats win control of the General Assembly,” CNN reported.
In January, Bloomberg told CNN: “In terms of running for office, I ran three times. I used only my own money, so I didn’t have to ask anybody what they wanted in return for a contribution. The public liked that every time they elected me. And, if I ran again, I would do the same thing.”