Politics | Michael Bloomberg Bloomberg Makes It Official Billionaire former mayor announces his White House bid By Polly Davis Doig Posted Nov 24, 2019 8:45 AM CST Copied In this Feb. 26, 2019, file photo, former New York City Mayor Michael Bloomberg speaks at a news conference at a gun control advocacy event in Las Vegas. (AP Photo/John Locher, File) Michael Bloomberg surprised basically no one Sunday in officially announcing a last-minute 2020 bid for the White House. He did so via a one-minute ad that began airing as part of a $34 million blitz set to go through Dec. 3, reports CBS News. Bloomberg's ad says he will seek to "restore faith in the dream that defines us where the wealthy will pay more in taxes and the middle class get their fair share. Everyone without health insurance can get it, and everyone who likes theirs, keep it." Read These Next Home Improvement actor is going to jail for more than a year. Bill Gates apologized to his staff, spoke of his affairs. Martin Short's daughter dies by suicide at 42. Squatty Potty inventor is in trouble with the law. Report an error