Bloomberg pledges $80m to Democrats as Trump commits $400m to Republicans
The billionaire ex-New York mayor is targeting House races as both parties mobilise funds ahead of midterm elections.
At a glance
- Bloomberg to spend $80m on Democratic midterm candidates, focusing on House races
- Trump announced $400m total spending for Republicans, with $300m already disbursed
- Democrats have faced recent fundraising challenges ahead of midterm elections
Michael Bloomberg will spend $80 million to support Democratic candidates in the midterm elections, according to reports. The funding is intended to help the party gain control of Congress.
Donald Trump announced plans to spend $400 million to aid Republican candidates, with $300 million already distributed. The competing spending efforts reflect efforts by both parties to mobilise resources ahead of the midterms.
Why it matters
The midterm elections will determine control of Congress, making candidate funding a critical factor in the outcome.
Original reporting
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.