Former New York Mayor Bloomberg Announces His Decision to Drop out for Joe Biden in US Election

Former New York Mayor Bloomberg Announces His Decision to Drop out for Joe Biden in US Election

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The Former New York City Mayor Michael Bloomberg has announced his decision to drop out for Joe Biden in the upcoming 2020 United States presidential election. This means that Bloomberg won’t have to make public details about his vast media and financial-data fortune.

Michael Bloomberg was due to file his first personal financial disclosure report with federal election regulators on March 20, after seeking and receiving two extensions on the filing deadline. Now that he’s dropped out, the requirement for public disclosure also goes away.

In this regard Biden,  took to Twitter to thank Mike Bloomberg today after the former New York mayor dropped out the presidential race and endorsed him. Biden wrote in a tweet tagging Bloomberg, "I can't thank you enough for you support."

Here's Biden's tweet:
@MikeBloomberg, I can’t thank you enough for your support—and for your tireless work on everything from gun safety reform to climate change. This race is bigger than candidates and bigger than politics. It’s about defeating Donald Trump, and with your help, we’re gonna

Consequently, the incumbent US President Donald Trump went after Mike Bloomberg on Twitter just after the former New York mayor announced he was ending his presidential bid.

“I could have told him long ago that he didn’t have what it takes, and he would have saved himself a billion dollars,” President Trump tweeted. Trump also added that now Bloomberg will pour money into former VP Joe Biden’s campaign “hoping to save face” and “it won’t work.”


"I've always believed that defeating Trump starts with uniting behind the candidate with the best shot to do it. After yesterday's vote, it is clear that candidate is my friend and a great American, Joe Biden," he wrote in a statement.

Bloomberg ended his presidential campaign today and endorsed Joe Biden, closing out a costly run that saw him spend hundreds of millions of his own money to fund his late entry bid.

                                     
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