Former mayor of New York City, Michael Bloomberg, has started plans for a campaign for the U.S. presidency, according to a source familiar with the situation. Yiming Woo reports.
Michael Bloomberg, the former mayor of New York City, has told his staff to draw up plans for an independent campaign for the U.S. presidency. That's according to a source familiar with the situation, who said Bloomberg sees an opening if the Democrats nominate Vermont Senator Bernie Sanders, a self-described socialist. Bloomberg's a billionaire who has close ties to Wall Street and liberal social views. In recent years, he's spent millions on national campaigns to tighten gun laws and reform immigration. The source says Bloomberg has given himself a deadline for early March to enter the race for the November election. No third-party candidate has ever won, but a well-financed presidential run by Bloomberg would likely disrupt the dynamics of the election.