Bloomberg to Spend $80 Million Boosting Democrats in Midterms

Billionaire and former New York City Mayor Michael Bloomberg has approved a plan to spend $80 million helping Democrats in their efforts to flip the House of Representatives in the midterm elections. Bloomberg is a political independent but holds liberal stances on issues like climate change, gun control and immigration, and he spoke at the 2016 Democratic National Convention. He was a Democrat before first running for mayor in 2001, then became a Republican, was re-elected in 2005, left the party to become an independent, and was re-elected once more in 2009. -- More...