Bloomberg Run Could Cause Big Donors to Stay Out

“Mike Bloomberg won’t need the money if he runs for president, but some executives on Wall Street are getting ready to line up behind him – and that could be bad news for other moderate Democratic contenders looking for a fundraising boost,” CNBC reports.

“Bloomberg, the billionaire former mayor of New York, has said he will not conduct any fundraising and will self-finance a run for president. Yet his campaign could pull financial industry support from more moderate Democatic candidates such as former Vice President Joe Biden, South Bend, Indiana, Mayor Pete Buttigieg and Sen. Kamala Harris.”