The Democratic Party announced new rules around how presidential hopefuls can qualify to take part in debates, changes likely to allow billionaire media mogul Michael Bloomberg to join the stage in February
WASHINGTON - The Democratic Party on Friday announced new rules around how presidential hopefuls can qualify to take part in debates, changes likely to allow billionaire media mogul Michael Bloomberg to join the stage in February.
Bloomberg is funding his campaign entirely with his own money, estimated at $60 billion, meaning that while he has climbed in the polls, he could not qualify for debates under the old rules. A late entry to the competition to take on Republican President Donald Trump in November, Bloomberg contributed more than $200 million from his own fortune to his bid as of the end of 2019, according to disclosures his campaign filed on Friday with the Federal Election Commission.
While he trails front-runners Joe Biden and Bernie Sanders in public opinion polls, his level of support is rising.
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