From mint · Ravi Hari · · 1m 10s
Michael Bloomberg Donates $80m to Democrats
Bloomberg's $80m Democratic donation comes as he warns of party's leftward shift.
In brief
Bloomberg's $80m Democratic donation comes as he warns of party's leftward shift. Michael Bloomberg donated $80 million to Democrats ahead of US midterms but remains concerned about the party's leftward shift on issues like Israel. Originally reported by mint.
Bloomberg's $80m Democratic donation
Former New York Mayor Michael Bloomberg has contributed about $80 million to support Democrats ahead of the US midterm elections.
Focus on House majority
Bloomberg directs at least $50 million towards House races to secure a sizable majority in the House of Representatives.
House Majority PAC funding
The contributions include $24 million for Everytown for Gun Safety and $16 million for House Majority PAC.
Concern about leftward shift
Bloomberg remains concerned about the party's leftward shift, particularly on issues such as Israel.
Political adviser's view
Howard Wolfson, Bloomberg's political adviser, said the former mayor believes financial resources play an important role in election campaigns.
Bloomberg's strategic focus
Bloomberg wants Democrats to secure a sufficiently large majority to govern effectively rather than merely reaching the 218 seats required to control the House.
The big picture
Michael Bloomberg donated $80 million to Democrats ahead of US midterms but remains concerned about the party's leftward shift on issues like Israel.
