Bloomberg Files Campaign Paperwork, No Decision on Bid Yet

WASHINGTON (AP) — New York billionaire Michael Bloomberg has taken another step toward launching a Democratic bid for president.The former New York City mayor, who became a Democrat just last year, filed paperwork with the Federal Election Commission on Thursday to formally create a presidential campaign committee. The move legally allows him to begin raising and spending money on a 2020 campaign, although his team says he’s yet to make a final decision.A formal announcement is expected in the coming days.The 77-year-old Bloomberg is one of the richest people in the world. His estimated net worth exceeds $50 billion, and he’s already committed to spending more than $100 million to help defeat President Donald Trump in 2020 whether he runs or not.Bloomberg’s enormous wealth, his ties ...Read more

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