Michael Bloomberg

Michael Bloomberg bows out of 2020 Democratic presidential contest

Michael Bloomberg bows out of 2020 Democratic presidential contest

Former New York Mayor Michael R. Bloomberg announced Tuesday that he would not run for president, concluding his path to the Democratic nomination was narrow and he could accomplish more as a private citizen.

The decision removes from the race one of the world’s richest men, a self-described centrist who had the potential to dominate early primary spending and complicate the campaigns of other moderate candidates.

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“I believe I would defeat Donald Trump in a general election,” Bloomberg,...

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