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
TL;DR
- Michael Bloomberg is spending $80 million to support Democratic candidates in the midterm elections.
- Donald Trump announced plans to spend $400 million to aid Republican candidates.
- Bloomberg's contributions are primarily aimed at helping Democrats flip the U.S. House of Representatives.
- The goal is to increase the Democratic majority beyond the 218 seats needed to control the House.
- Bloomberg previously spent $80 million to help the Democratic party in the 2018 midterms.
- Elon Musk has also contributed $366 million to conservative groups and campaigns.
- Democrats believe they have a chance to retake control of the House and potentially the Senate.
- Control of Congress would enable Democrats to block Trump's legislative agenda and influence judicial appointments.