Why 🐵 UnitedStatesNews-NoOpEd picked: Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates

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Source: theguardian.com

<p>Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms</p><p><a href="https://www.theguardian.com/us-news/live/2026/oct/20/donald-trump-midterms-republicans-democrats-north-carolina-latest-updates" rel="nofollow noopener noreferrer ugc" target="_blank">US politics live – latest updates</a></p><p>The billionaire <a href="https://www.theguardian.com/profile/michael-bloomberg" rel="nofollow noopener noreferrer ugc" target="_blank">Michael Bloomberg</a> will spend $80m to help Democratic candidates in the <a href="https://www.theguardian.com/us-news/us-midterm-elections-2026" rel="nofollow noopener noreferrer ugc" target="_blank">midterm elections</a>, 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 <a href="https://www.theguardian.com/us-news/us-congress" rel="nofollow noopener noreferrer ugc" target="_blank">Congress</a>.</p><p>The reported donations came as <a href="https://www.theguardian.com/us-news/donaldtrump" rel="nofollow noopener noreferrer ugc" target="_blank">Donald Trump</a> announced on Tuesday he intended to spend a total of $400m to aid Republican candidates, with $300m already disbursed.</p> <a href="https://www.theguardian.com/us-news/2026/oct/20/michael-bloomberg-donation-democrats-midterms" rel="nofollow noopener noreferrer ugc" target="_blank">Continue reading...</a>