Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Michael Bloomberg. Photo: Scott Eisen/Getty Images
Michael Bloomberg will not run for president in 2020, the former New York City mayor announced in a column on his namesake website.
Details: Bloomberg acknowledged "the difficulty of winning the Democratic nomination in such a crowded field," and said that the best way for him to help the country would be to double down on his efforts to combat climate change and gun violence. He also cautioned that allowing the Democratic primary process to "drag the party to an extreme" could help Trump win re-election, echoing a sentiment expressed by fellow billionaire centrist Howard Schultz.
"There is another factor that has weighed heavily on my mind: the likelihood that our biggest national problems will worsen over the next two years. With a leader in the White House who refuses to bring the parties together, it will be nearly impossible for Congress to address the major challenges we face, including climate change, gun violence, the opioid crisis, failing public schools, and college affordability. All are likely to grow more severe, and many of the president’s executive actions will only compound matters.
I love our country too much to sit back and hope for the best as national problems get worse. But I also recognize that until 2021, and possibly longer, our only real hope for progress lies outside of Washington. And unlike most who are running or thinking of it, I’m fortunate enough to be in a position to devote the resources needed to bring people together and make a big difference."