Bloomberg Will Not Run for President

Michael Bloomberg announced that he would not run for president, “concluding his path to the Democratic nomination was narrow and he could accomplish more as a private citizen,” the Washington Post reports.

Said Bloomberg: “I believe I would defeat Donald Trump in a general election. But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.”

“In place of a candidacy, Bloomberg has committed to funding a new independent political operation with the goal of preventing the reelection of President Trump, with intensive voter targeting and outreach in swing states over the next 18 months.”