Former New York mayor, presidential candidate, and billionaire Mike Bloomberg is looking to spend a lot of money in support of Joe Biden, the presumptive Democratic nominee, as CNBC reported on Friday.
The former New York mayor is committed to funding the candidate but is unsure whether the money will go to pro-Biden Super PACS, Biden’s joint fundraising effort with the Democratic National Committee (DNC) or another independent group, the network reported, citing people familiar with the conversations.
“As Mike has said, he supports Vice President Biden in defeating Donald Trump. We’re currently looking at how to best support (former) Vice President Biden, as well as Democratic victories up and down the ballot in November, just as Mike Bloomberg has done in previous cycles,” a Bloomberg spokeswoman said.
Both Biden and Trump campaigns have raised $60 million in April, but Trump and Republicans hold a sizable monetary advantage.
CNBC reports Bloomberg is looking at spending over $250 million, although Bloomberg spokespersons would not confirm that number. Those figures would not include additional funds for Democratic congressional races.