After weeks of speculation and several moves indicating he would do so, former New York City Mayor Michael Bloomberg has officially announced his candidacy for president, Fox News reports.
Bloomberg’s name has been repeatedly floated as a possible presidential candidate since 2008, although he often chose to remain on the sidelines as a donor; he most recently changed his party registration back to Democrat from Independent in 2018, and donated over $100 million to Democratic candidates and left-wing causes in the 2018 midterms.
His entry reflects the growing uncertainty of the Democratic field. He is the third candidate to announce a bid after previously saying he would not run, alongside fellow billionaire Tom Steyer (D-Calif.) and former Governor Deval Patrick (D-Mass.). His candidacy is believed to have been sparked by the party’s worries about the current status of the primary field, with former Vice President Joe Biden collapsing while the socialist Senator Elizabeth Warren (D-Mass.) surges in the polls.
In addition, it has been announced that Bloomberg’s media company, Bloomberg News, will not be doing any investigative reporting on Bloomberg himself or any of his Democratic rivals, according to Reuters.
Bloomberg editor-in-chief John Micklethwait sent an internal memo that was obtained by Reuters, in which he said that the company will “continue our tradition of not investigating Mike (and his family and foundation), and we will extend that same policy to his rivals in the Democratic primaries.”
Micklethwait further announced that some of the editorial board’s members will be taking a leave of absence to work for Bloomberg’s campaign. As a result, “there will be no unsigned editorials” for the remainder of the election cycle while Bloomberg is a candidate.