Michael Bloomberg will form an independent group to help elect the Democratic pr...
FILE PHOTO: Then-Democratic U.S. presidential candidate Michael Bloomberg speaks at his Super Tuesday night rally in West Palm Beach, Florida, U.S., March 3, 2020. REUTERS/Marco Bello/File Photo
The independent expenditure organization will employ some of the enormous staff he built during his months-long presidential campaign, when he spent more than $500 million on an unprecedented advertising blitz only to register disappointing results in 14 state contests on Tuesday. The independent group, whose name and budget are still being determined, will be able to spend unlimited sums as long as it does not coordinate directly with any campaign.
Biden, a former vice president, is in a two-way battle with liberal Senator Bernie Sanders after Senator Elizabeth Warren, a distant third in delegates after Super Tuesday nominating contests, dropped out on Thursday.
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