Bloomberg to spend $80m on Democrats as Trump directs $400m

· Politics · United States

Michael Bloomberg, the billionaire former New York City mayor, will spend $80 million to help Democratic candidates in the midterm elections, focusing on House races as Democrats try to retake the majority. President Donald Trump said he will have spent $400 million to support Republicans. Early voting data shows a Democratic edge consistent with other signals of a favorable environment for the party. The November 3 elections will determine control of Congress, with Trump's record-low popularity, cost-of-living frustration and immigration shaping the contest.

Why it matters：Record sums from billionaires on both sides will shape the final weeks of a vote that decides control of Congress and Trump's agenda.

Key points

  • Bloomberg is focusing on House races
  • Trump says he will have spent $400m for Republicans
  • Early voting data shows a Democratic edge

Sources (original reporting)

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