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Bloomberg announced his candidacy for the Democratic nomination, saying Trump "represents an existential threat to our country and our values." The businessman is a late entrant to a crowded field.
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The former New York mayor filed paperwork with the Federal Election Commission on Thursday as he continues to weigh a late entrance into the Democratic presidential primary.
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A possible late entry into the Democratic primary by Michael Bloomberg less than three months before the Iowa caucuses would shake up the still-crowded field.
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The donation is the largest individual gift ever made to a single university and is designed to allow the school to be need-blind and loan-free.
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Dozens of Democrats are preparing to run for president in 2020. Advisers to some say that the Thanksgiving holiday next week begins a short window for potential candidates to make decisions.
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President Trump has loosely followed former New York City Mayor Michael Bloomberg's model for managing his wealth while in office, but the risk isn't the same.
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What happens when a billionaire businessman and politician teams up with a moms-against-gun-violence group with millions of supporters?
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"As the race stands now ... there is a good chance that my candidacy could lead to the election of Donald Trump or Senator Ted Cruz," former New York Mayor Michael Bloomberg wrote Monday.
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With a Ted Cruz or Donald Trump GOP nomination looking possible and Bernie Sanders gaining on the Democratic side, the former New York City mayor and billionaire is seriously eyeing a White house run.