Bloomberg Plots Spending Blitz to Support Biden

“Mike Bloomberg is plotting a massive spending blitz to back Joe Biden’s quest for the White House,” CNBC reports.

“The former New York mayor and his closest political advisors are discussing whether Bloomberg’s expenditure will include major donations to pro-Biden super PACs, Biden’s joint fundraising effort with the Democratic National Committee, or another independent group.”

“Though it’s unclear how much Bloomberg will eventually spend, some of the people familiar with the matter noted that they anticipate Bloomberg to end up spending in excess of $250 million to support Biden… Any major financial support from Bloomberg backing Biden does not include what he could put toward assisting congressional Democrats.”