Thursday, February 20, 2020

Bloomberg quietly plotting brokered convention strategy

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Mike Bloomberg has spent an unprecedented $463 million of his massive personal fortune on his bid to become the Democratic presidential nominee in the three months since he launched his campaign, according to Federal Election filings released on Thursday. ⁣ ⁣The spending report, which covers the period when Bloomberg announced his candidacy through Jan. 31, 2019, far surpasses the amounts spent and raised by other contenders for the Democratic nomination. ⁣ ⁣Campaign officials said a portion of the money went toward building up Bloomberg's operation, which had 1,000 employees at the end of the filing period. The payroll has since grown to 2,100. In January alone, the campaign spent $220.6 million, with most of the money going toward television ads.

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