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Photo: Bastiaan Slabbers/NurPhoto via Getty Images

Former New York City Mayor Michael Bloomberg shot back at criticisms that he's running a self-aggrandizing campaign for the Democratic nomination, telling Reuters in an interview: "Number one priority is to get rid of Donald Trump. I’m spending all my money to get rid of Trump."

Why it matters: The campaign finance debate has taken on new significance in 2020, creating a clear divide within the Democratic Party. Progressive candidates like Sens. Bernie Sanders and Elizabeth Warren have turned away big-dollar donations in favor of grassroots fundraising, rebuking moderates like Pete Buttigieg and Joe Biden for soliciting donations from the wealthy.

  • But Bloomberg, rated by Forbes as the eighth richest person in America, argues that ignoring the obvious benefits of his wealth would hurt the ultimate cause that every Democrat is fighting for — stopping Trump from being re-elected.
  • Bloomberg has also said that he would pay campaign staff to support the Democratic nominee, even if it is not him.

What they're saying: Bloomberg told Reuters that one reason he's "reasonably confident" he could beat Trump is because of his appeal to swing voters.

  • "Whether you like it or not, you can’t win the election unless you get moderate Republicans to cross the line," Bloomberg said. "The others are much too liberal for them and they would certainly vote for Donald Trump."

The billionaire also defended his massive advertising buys, which include a $10 million ad spot that will air during the Super Bowl. President Trump has also bought a Super Bowl spot for the same price.

  • “You can’t get to 330 million people by shaking hands," Bloomberg argued. "Television is still the magic medium."
  • "If the Super Bowl wasn’t a place to get to an awful lot of people they wouldn’t be charging a lot, or nobody would be paying it. This is capitalism at work."

Go deeper: Bloomberg unveils Trump-focused economic agenda

Go deeper

9 hours ago - Health

FDA advisory panel recommends Pfizer boosters for those 65 and older

A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at the Key Biscayne Community Center on Aug. 24, 2021. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images

A key Food and Drug Administration advisory panel on Friday overwhelmingly voted against recommending Pfizer vaccine booster shots for younger Americans, but unanimously recommended approving the third shots for individuals 65 and older, as well as those at high-risk of severe COVID-19.

Why it matters: While the votes are non-binding, and the FDA must still make a final decision, Friday's move pours cold water on the Biden administration's plan to begin administering boosters to most individuals who received the Pfizer vaccine later this month.

9 hours ago - World

France recalls ambassadors from U.S. and Australia over submarine deal

Secretary of State Antony Blinken (L), French Foreign Minister Jean-Yves Le Drian (C), and French ambassador to the U.S. Philippe Etienne. Photo: Nicholas Kamm/AFP via Getty Images

France has taken the extraordinary step of recalling its ambassadors to the U.S. and Australia after both countries blindsided their French allies with a new military pact and submarine contract, the French Foreign Ministry announced on Friday.

The backstory: While sealing an agreement with the U.S. and U.K. to acquire nuclear submarines, Australia ripped up an existing $90 billion submarine deal with France. That led senior French officials to accuse the U.S. of a "stab in the back."

Updated 10 hours ago - World

In reversal, Pentagon now says drone strike killed 10 Afghan civilians

Caskets for the dead are carried towards the gravesite as relatives and friends attend a mass funeral for members of a family that is said to have been killed in a U.S. drone airstrike, in Kabul on Aug. 30. Photo: Marcus Yam/Los Angeles Times via Getty Images

A U.S. drone strike launched on Aug. 29 killed 10 civilians in Afghanistan, including seven children, rather than the Islamic State extremists the Biden administration claimed it targeted, the Pentagon said Friday.

Why it matters: U.S. Central Command said at the time that officials "know" the drone strike "disrupted an imminent ISIS-K threat" to Kabul's airport, and that they were "confident we successfully hit the target."

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