A major financial boost for Democrats in the midterm elections comes as billionaire Michael Bloomberg prepares to invest $80 million in House races, aiming to help the party regain control of Congress amid recent fundraising challenges. The move follows Republican leader Donald Trump’s pledge to allocate $400 million—with $300 million already distributed—to support GOP candidates, intensifying the high-stakes battle for congressional dominance. With both sides pouring unprecedented sums into the election, the financial race could play a decisive role in shaping the balance of power in Washington.
Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midtermsUS politics live – latest updatesThe 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. Continue reading...
