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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."

Go deeper

Cuomo: "No way I resign" after sexual harassment accusations

Cuomo at a Feb. 24 press conference. Photo: Seth Wenig/pool/AFP via Getty Images

New York Gov. Andrew Cuomo (D) was defiant on Sunday, stating again that he would not resign even as more former aides have come forward with allegations of sexual harassment and inappropriate behavior.

The big picture: Cuomo has denied all sexual harassment allegations against him and said that he "never inappropriately touched anybody." He acknowledged in a statement that "some of the things I have said have been misinterpreted as an unwanted flirtation." Some of the calls for Cuomo to resign have come from within the Democratic party.

N.Y. Times faces culture clashes as business booms

Illustration: Sarah Grillo/Axios

New York Times columnist David Brooks' resignation from a paid gig at a think tank on Saturday is the latest in a flurry of scandals that America's biggest and most successful newspaper company has endured in the past year.

Driving the news: Brooks resigned from the Aspen Institute following a BuzzFeed News investigation that uncovered conflicts of interest between his reporting and money he accepted from corporate donors for a project called "Weave" that he worked on at the nonprofit.

America rebalances its post-Trump news diet

Illustration: Annelise Capossela/Axios

Nearly halfway through President Biden's first 100 days, data shows that Americans are learning to wean themselves off of news — and especially politics.

Why it matters: The departure of former President Trump's once-ubiquitous presence in the news cycle has reoriented the country's attention.