Failed Democratic presidential candidate Michael Bloomberg announced Friday he will transfer $18 million from his campaign war chest to the Democratic National Committee to help beat President Trump.

Failed Democratic presidential candidate Michael Bloomberg announced Friday he will transfer $18 million from his campaign war chest to the Democratic National Committee to help beat President Trump.

Failed Democratic presidential candidate Michael Bloomberg announced Friday he will transfer $18 million from his campaign war chest to the Democratic National Committee to help beat President Trump.
Mr. Bloomberg, a billionaire media mogul, said he was making good on his promise to bankroll efforts to beat Mr. Trump regardless of whom Democrats nominate as their standard-bearer.
“There is no greater threat to our Democracy than the current occupant in the White House, and Mike launched his campaign with the fundamental goal of defeating him and energizing Democratic victories up and down the ballot,” the Bloomberg campaign said in a statement.
The Bloomberg 2020 campaign also will transfer several of its former field offices to state parties and help accelerate the hiring pace for important positions in organizing, data and operations across key battleground states.
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