EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
Michael Bloomberg joins 2020 US presidential race
  Monday 25 November, 2019
Michael Bloomberg joins 2020 US presidential race

Billionaire former New York Mayor Michael Bloomberg has officially announced he is standing to be the Democratic Party presidential nominee.

In a statement, the 77-year-old said he was standing "to defeat Donald Trump and rebuild America".

"The stakes could not be higher. We must win this election," Mr Bloomberg wrote.

He joins 17 other candidates vying for the Democratic nomination to take on Mr Trump in 2020.

As things stand, former Vice-President Joe Biden, Senators Elizabeth Warren and Bernie Sanders are the party's front-runners.

Mr Bloomberg is said to be concerned the current field is not strong enough to challenge the president.

He enters the race after months of debate over wealth inequality in the US, with Mr Sanders and Ms Warren announcing plans for steep tax rises for billionaires. Unveiling his tax proposals in September, Mr Sanders said: "Billionaires should not exist."

President Trump taunted Mr Bloomberg earlier in November, saying there was "nobody I'd rather run against than little Michael".

Who is Mr Bloomberg?
Michael Bloomberg is the eighth richest American with a net-worth of $54.4bn (42bn), according to Forbes.

Born in Massachusetts, he started out in business as a Wall Street banker before going on to create the financial publishing empire that bears his name.

Over the years he has given millions of dollars to educational, medical and other causes - including political ones.

He staged a successful campaign to become New York mayor in 2001 and remained in office for three consecutive terms until 2013.

Rumours of presidential ambitions have surrounded him for more than a decade.

Source: https://www.bbc.com/news/world-us-canada-50539242

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Latest News »
 
  Trump to attend California fun...
  Trump blasts impeachment suppo...
  The middleman: How Lev Parnas ...
  Gov. Newsom previews plan to u...
  'The world is watching': Trump...
  5 highlights from Donald Trump...
  Trump threatens Iraq with sanc...
  Trump: Iran's Soleimani was pl...
  Trump signs $1.4 trillion bill...
  Donald Trump, House Democrats ...
  Pete Buttigieg faces new scrut...
  Trump announces resuming peace...
  Trump signs bipartisan bill ai...
  Michael Bloomberg joins 2020 U...
  Trump, first lady Melania Trum...
  At Kentucky rally, Donald Trum...
  Photo of Trump watching al-Bag...
  'We're going to have him for a...
  Donald Trump sticks with plan ...
  Trump's call to Ukraine's pres...
 

Washington, DC

  2010 The Capital Post. All rights reserved.