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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.

  • From Bloomberg's statement: "I have plenty of disagreements with some Democrats, especially those who seek to make this election about impeachment. Nothing could be more irresponsible."
  • "But I believe that ‘We the People’ cannot afford to elect another Congress that lacks the courage to reach across the aisle and the independence to assert its constitutional authority. And so I will support Democratic candidates who are committed to doing both."