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 Within half hour, Navy fighter jet and copter both go into the sea. Study sheds light on what killed half of Napoleon's grand army. After his grandma's fall, teen creates a winning solution. Don't blame data centers for your rising electric bill. Report an error