Former New York City mayor Michael Bloomberg is considering a potential presidential campaign in 2020, which would make him both the oldest and richest person to seek the White House, CBS2 in New York reports.
CBS2 political reporter Marcia Kramer, citing unnamed sources, said the three-term mayor is considering making a bid for the Democratic nomination, unlike in 2016 when he weighed running as an Independent.
Bloomberg, 76, has made substantial contributions to Democratic congressional candidates, roughly $80 million, but he has considered running for president multiple times in the past without launching an official campaign.
"Republicans in Congress have had almost two years to prove they could govern responsibly," Bloomberg wrote in an op-ed released earlier this month. "They failed. As we approach the 2018 midterms, it's critical that we elect people who will lead in ways that this Congress won't — both by seeking to legislate in a bipartisan way, and by upholding the checks and balances that the Founding Fathers set up to safeguard ethics, prevent the abuse of power, and preserve the rule of law.
"And so this fall, I'm going to support Democrats in their efforts to win control of the House."
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