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Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates

The White House in Washington, photographed circa 2012
File photograph: The White House in Washington, photographed circa 2012. Rene DeAnda / Unsplash. Illustrative context, not a photograph of this reported event.
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Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms US politics live – latest updates The 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.

Read the original report at The Guardian.

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The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-21. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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