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Politics Mike Bloomberg files federal paperwork for presidential run, a key procedural move

20:40  21 november  2019
20:40  21 november  2019 Source:   cnbc.com

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Billionaire and former New York mayor Mike Bloomberg officially filed to run for president in the 2020 Democratic primary.

Michael Bloomberg wearing a suit and tie: Michael Bloomberg has yet to officially announce he's running for president.© Provided by CNBC LLC Michael Bloomberg has yet to officially announce he's running for president.

It was not immediately clear if the Federal Election Commission filing represents he's entering the race or if it's more of procedural move.

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A spokesman for Bloomberg explained that filing in the state of Alabama started a 15-day process to file with the FEC. "This is not an announcement and not an indication of decision," the aide added.

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For Bloomberg it's the latest in a series of maneuvers toward a likely run for president. He's also filed to contend in various primaries, including Arkansas, Alabama and Texas.

The billionaire, who has a net-worth of just over $55 billion, has been actively engaging with his allies for months about possibly entering the election after declaring in March that he would not be a contender.

This is breaking news. Please check back for updates.

Bloomberg vows to refuse donations, presidential salary .
Michael Bloomberg will not accept political donations if he runs for president and he will not take a salary if he wins, according to senior aides.NEW YORK — Michael Bloomberg will not accept political donations if he runs for president and he will not take a salary if he wins, according to senior aides who offered new details on Saturday about the New York billionaire’s plans to navigate his wealth as he marches toward a formal 2020 announcement.

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