Former New York City Mayor Michael Bloomberg confirmed Tuesday afternoon that he will not run for the White House in 2020; ending months of speculation on whether the billionaire businessman would take on President Trump in the coming months.
“Michael R. Bloomberg, the former New York City mayor who joined the Democratic Party last year to crusade against President Trump, has decided not to challenge Mr. Trump as a candidate in the 2020 election,” reports the New York Times.
“Rather than entering the race himself, Mr. Bloomberg intends to plow his political energy and immense personal fortune into other efforts to thwart Mr. Trump and his agenda, including an initiative aimed at rapidly accelerating the country’s transition to renewable energy,” adds the article.
This is a developing story. Check back for updates.