Former Mayor Bloomberg Rejoins Democratic Party As He Considers 2020 Run

  • Former Mayor Bloomberg Rejoins Democratic Party As He Considers 2020 Run

Former Mayor Bloomberg Rejoins Democratic Party As He Considers 2020 Run

Michael Bloomberg, the billionaire former New York City mayor and potential 2020 presidential candidate, announced Wednesday that he re-registered as a Democrat, saying the party must "provide the checks and balances our nation needs so badly".

The billionaire business mogul - who endorsed Hillary Clinton over President Trump in the 2016 election - is heavily invested in helping elect Democrats in congressional midterm elections on November 6.

Michael Bloomberg has re-registered as a Democrat.

Last week, Bloomberg announced he would give $20 million to the main Democratic Senate super PAC. It notes that last month he said in a New York Times interview that he believes a third-party candidate can not win the presidency, and that were he to run, he would do so as a Democrat.

On Wednesday morning he posted a photo on Instagram of him signing the paperwork, with a caption that reads, "At key points in U.S. history, one of the two parties has served as a bulwark against those who threaten our Constitution".

Bloomberg has thrown money and support behind Democrats and is attacking Republicans on abortion and gun policies.

Bloomberg has teased many times that he could run for president. He officially left the Republican Party in 2007. The Guardian newspaper reported in August that he was considering running in 2020 as a Democrat. "So if you ran, yeah, you'd have to run as a Democrat".

Bloomberg, who served three terms as mayor, is the founder and owner of Bloomberg L.P., a global financial services and media corporation. He endorsed Hillary Clinton in the 2016 presidential election, calling Trump a "risky, reckless and radical choice".