Bloomberg, 74, who had said the 2016 presidential campaign has been marred by appeals to extremism and was an insult to voters, was expected to spend a sizeable amount of his own fortune if he entered the race. Bloomberg is the founder and majority owner of Bloomberg News parent Bloomberg LP.
Bloomberg’s deliberations proved serious enough that he had vetted Michael G. Mullen, the retired admiral and former chairman of the Joint Chiefs of Staff, about joining...
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