Election: Bloomberg to launch new group that could boost Biden and target Trump: report

Election: Bloomberg to launch new group that could boost Biden and target Trump: report

5 Mar    Finance News

Mike Bloomberg’s plan for his future political spending is starting to take shape, as a Washington Post report on Thursday said the billionaire expects to form a new group that could support Joe Biden in his Democratic primary fight against Sen. Bernie Sanders.

The new independent group also looks poised to fund ads attacking President Donald Trump and back the Democratic nominee, and it will take on hundreds of former staffers from Bloomberg’s failed presidential campaign, according to the report. The staffers are in six swing states, while his campaign offices in other states will be dissolved.

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