Former Mayor of New York City Michael Bloomberg says he will not run for U.S. president. Deborah Lutterbeck reports.
Former New York Mayor Michael Bloomberg says he will not mount an independent bid for the U.S. presidency. He broke the news Monday on Bloomberg View, an opinion website that is part of his media empire. He criticized Democratic and Republican candidates for catering to the fringes of their parties. He said he worried that a three-person race would increase the chances that either Republican front-runner Donald Trump or his party rival U.S. Senator Ted Cruz could win the White House. Bloomberg never received much interest from American voters. About 12 percent of likely voters said they would support him in a three-way race for president according to a Reuters/Ipsos national poll from March 2 to 7. Bloomberg said Trump was "preying on people's prejudices and fears." He also hit Clinton and her rival Senator Bernie Sanders for criticizing free trade and the financial industry.