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Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates

The Guardian UK Tuesday 20 October 2026, 22:07 UTC By Chris Stein in Washington 1 min read
Key Points

Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midtermsUS politics live – latest updatesThe billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress. The reported donations came as Donald Trump announced on Tuesday he intended to...

Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms

The billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress.

The reported donations came as Donald Trump announced on Tuesday he intended to spend a total of $400m to aid Republican candidates, with $300m already disbursed.

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Michael Bloomberg (PERSON) Democrats (ORG) Trump (ORG) Republican (ORG) New York City (LOCATION) House (ORG) Democratic (ORG) US (LOCATION) Congress (ORG) Donald Trump (PERSON)
Originally published by The Guardian UK Read original →

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