Bloomberg gives $80m to boost Democrats in midterm elections

Summarised from 3 outlets · Updated 20 Oct, 22:08 · Archive

Mike Bloomberg has spent $80 million since September to help Democratic candidates in the midterm elections, The New York Times reported on Tuesday. His political adviser Howard Wolfson said Bloomberg is 'of the view that resources matter in campaigns' and 'expects a result'.

The spending makes Bloomberg one of the top five largest individual Democratic donors according to a CNBC analysis of Federal Election Commission filings. Before Tuesday's announcement, Bloomberg was known to have donated $23 million to Democrats and affiliated causes this election cycle. His contributions include $11 million to a super PAC supporting Micah Lasher in New York's 12th Congressional District and $2.5 million to Pennsylvania Governor Josh Shapiro's reelection.

The New York Post reports that Bloomberg, aged 84, is concerned about the Democratic Party's shift toward the left, particularly regarding its stance on Israel, and will not support democratic socialist candidates. Wolfson described Bloomberg as 'a pragmatist' and 'a centrist'. The Post also reports that Bloomberg is focused on securing a Democratic House majority large enough to elevate New York Representative Hakeem Jeffries to House speaker.

How it is being reported

• Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidatesBillionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms US politics live – latest updates The billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections , US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress . The reported donations came as Donald Trump announced on Tuesday he intended to spend a total of $400m to aid Republican candidates, with $300m already disbursed. Continue reading...Guardian World · 20 Oct, 23:07
• Mike Bloomberg is giving $80M to Democrats in closely watched midterms: reportFormer New York City Mayor Mike Bloomberg is reportedly giving $80 million to Democrats – swooping in with a last-minute attempt to help lefty candidates in next month's closely watched midterms.New York Post · 20 Oct, 21:49
• Mike Bloomberg spent $80M to boost Democrats in midterms: NYTDemocrats are hopeful that they will regain majority control of the House of Representatives and the Senate in November's elections.CNBC · 20 Oct, 19:30

In this story: Mike Bloomberg · Democratic Party · Howard Wolfson · Josh Shapiro · Hakeem Jeffries · New York

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