[Ed. – Why aren’t Democrats outraged and refusing to accept the money? Or is their loathing of billionaires limited to ones who support Republican candidates?]
Mike Bloomberg is transferring $18 million from his presidential campaign to the Democratic National Committee in the largest single such transfer ever.
It’s the latest sign of the billionaire businessman’s continued involvement in the race since ending his own campaign this month because of a lackluster showing in the March 3 primaries. In those Super Tuesday contests, the former New York City mayor won only one U.S. territory.
Bloomberg’s contribution amounts to more than the national party’s typical cash balance. The transfer will help the DNC make up for some of the steep fundraising disadvantage when compared with its Republican counterpart, which routinely has raised tens of millions more than the Democratic organization throughout election cycles.
… Bloomberg promised throughout his campaign that he would help Democrats try to defeat President Donald Trump regardless of how his own White House bid fared.