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Michael Bloomberg officially a 2020 Democratic candidate

By Us - CBSNews.com Jun 12, 2025 | 12:10 PM

Former New York City mayor Michael Bloomberg is officially a Democratic candidate for president. Bloomberg is the eleventh richest person in the world, with a net worth of more than $50 billion. The 77-year-old media mogul joins 17 other Democrats all hoping to take on President Trump. Steve Dorsey reports.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM