Politics NewsTop News

Billionaire Bloomberg considers massive spend in support of Biden: CNBC

imagePolitics11 hours ago (May 15, 2020 07:40PM ET)

2/2

(C) Reuters. FILE PHOTO: Democratic U.S. presidential candidate Michael Bloomberg’s Super Tuesday night rally in West Palm Beach

2/2

NEW YORK (Reuters) – Billionaire and former presidential candidate Mike Bloomberg is considering a major spending blitz to back Joe Biden’s White House bid, CNBC reported on Friday.

The former New York mayor is committed to funding the candidate but is unsure whether the money will go to pro-Biden Super PACS, Biden’s joint fundraising effort with the Democratic National Committee (DNC) or another independent group, the network reported, citing people familiar with the conversations.

Former Vice President Biden is the presumptive Democratic nominee to take on U.S. President Donald Trump in November. Biden and Trump each raised roughly $60 million in April, but Trump and the Republicans hold a sizable money advantage.

The Biden campaign declined to comment when asked by Reuters about the spending.

“As Mike has said, he supports Vice President Biden in defeating Donald Trump. We’re currently looking at how to best support (former) Vice President Biden, as well as Democratic victories up and down the ballot in November, just as Mike Bloomberg has done in previous cycles,” a Bloomberg spokeswoman said.

CNBC reported spending was in excess of $250 million, but Bloomberg’s campaign did not confirm that figure.

Any major financial support from Bloomberg for Biden does not include what he could also put toward assisting congressional Democrats and the DNC, CNBC reported.

Bloomberg dropped out of the Democratic nominating contests for president in March and quickly endorsed Biden.

Billionaire Bloomberg considers massive spend in support of Biden: CNBC

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Back to top button
Close
Close

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!