Former New York Mayor Michael Bloomberg Announces Run For Democratic Presidential Nomination

By  //  November 24, 2019

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ABOVE VIDEO: Former NYC Mayor Michael Bloomberg officially joins 2020 presidential race.

(CBS NEWS) – Former New York Mayor Michael Bloomberg formally announced he is running for the Democratic presidential nomination on Sunday, launching a multimillion-dollar ad campaign that frames his candidacy as the best hope for defeating President Trump.

Bloomberg’s first minute-long advertisement will debut nationally on “60 Minutes” on Sunday evening, and appear again on NBC Sunday Night Football.

It will begin airing across most Super Tuesday states on Monday, according to a campaign aide. The former mayor is spending at least $34 million on the ad, which will run through December 3.

Keeping with his long-standing practice, Bloomberg will self-fund his campaign and doesn’t plan on accepting campaign contributions. If elected president, he would not accept a salary, according to aides.

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