Michael Bloomberg Formally Enters Presidential Race

NBC News reports:

Michael R. Bloomberg announced on Sunday that he would run for president in 2020, bringing his enormous wealth and eclectic political biography into the tumultuous Democratic primary and seeking to win over skeptical liberal voters by presenting himself as a multibillion-dollar threat to President Trump.

Mr. Bloomberg, a former Republican who has expressed reservations about his adopted party’s leftward drift, said in a statement that he would offer a pragmatic option to voters in a campaign to unseat a president who “represents an existential threat to our country and our values.”

“Defeating Donald Trump — and rebuilding America — is the most urgent and important fight of our lives. And I’m going all in,” Mr. Bloomberg said. “I offer myself as a doer and a problem solver — not a talker. And someone who is ready to take on the tough fights — and win.”