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Bloomberg Gives $80 Million to Democrats Ahead of Midterm Elections: Report

The New York Times said at least $50 million is going to House races, including $24 million for Everytown for Gun Safety.

  • Former New York City Mayor Michael Bloomberg is spending $80 million to support Democrats ahead of the November 3 midterm elections, serving as a late-arriving financial boost for the party.
  • On Tuesday, President Donald Trump stated he has spent or will spend over 400 Million Dollars by Election Day, with more than 300 Million Dollars already allocated to campaign efforts.
  • Bloomberg directed at least $50 million toward House races, including $24 million for Everytown for Gun Safety and $16 million for the House Majority PAC.
  • Democrats seek to reclaim control of Congress, where 470 seats are up for grabs in the Republican-controlled chambers amid these significant financial commitments.
  • Reuters has not independently verified the spending figures reported for either Trump or Bloomberg as both candidates conclude their final push before November 3.
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Bias Distribution

  • 57% of the sources are Center
57% Center

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GV Wire broke the news on Tuesday, October 20, 2026.
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