The Guardian · US news · Original story
Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates
Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms
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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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Chris Stein in Washington · Tue, Oct 20, 2026, 3:07 PM
US news | The Guardian
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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