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Michael Bloomberg goes big in 2018, raising 2020 buzz

Michael Bloomberg with a mic in his hand
Photo: Kevin Mazur/Getty Images for Robin Hood

Former New York Mayor Michael Bloomberg "has approved a plan to pour at least $80 million into the 2018 election, with the bulk of that money going to support Democratic congressional candidates," the N.Y. Times' Alex Burns reports.

Be smart: Bloomberg's commitment is a step toward running for president as a Democrat in 2020, and some longtime allies think/hope he might get the band back together.