Michael Bloomberg, the billionaire former New York City mayor, has ruled out a run for the White House, citing the difficulty of making it through a crowded Democratic field that is increasingly pulling to the left.
Mr Bloomberg, 77, had for months flirted with a run, tapping his fortune to assemble a seasoned campaign team and spending more than $100m to boost the Democratic party’s fortunes in the midterm elections in November.
In an opinion article published on Tuesday by his Bloomberg News service, the former mayor expressed confidence that he would have defeated Donald Trump, US president, in a general election.
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