Mike Bloomberg prepares to enter Democratic primary: Report

Michael Bloomberg, former Mayor of New York City, speaks at CityLab Detroit, a global city summit, on October 29, 2018 in Detroit, Michigan.

Bill Pugliano | Getty Images

Mike Bloomberg, the billionaire former mayor of New York, is preparing to enter the Democratic presidential primary, according to NBC News, which cited a Bloomberg advisor.

The move didn’t necessarily mean Bloomberg was announcing a campaign, a source close to Bloomberg told NBC News. Rather, this source said, he’s doing this to keep his options open. Bloomberg is “troubled” by what he has seen in the Democratic primary, the source added.

“He’s still not sure,” a source told CNBC. This source also said these are “unprecedented times” and that Bloomberg is concerned about what he’s seeing both from Democrats and President Donald Trump.

The New York Times reported Thursday, citing people briefed on the plans, that Bloomberg was working on entering at least one Democratic presidential primary and potential the overall race for the chance to take on Trump in 2020.

CNBC had reported last month that Bloomberg was discussing the possibility of a run as former Vice President Joe Biden, a fellow moderate, had shown signs of struggling against Sen. Elizabeth Warren, the Massachusetts liberal who is pushing for big tax hikes on the wealthy and expansive government programs such as “Medicare for All.”

One advisor told the Times that Bloomberg had not made a decision, but he has sent aides to Alabama, which has a Friday deadline for candidates to enter the race.

Bloomberg has previously flirted with running for president in several election cycles. Earlier this year he had said he would not seek the White House.

This story is developing. Please check back for updates.

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