Former New York City Mayor Michael Bloomberg attends a meeting during the COP21 at Le Bourget, near Paris, France

Michael Bloomberg may launch independent U.S. presidential bid: source

Former New York City Mayor Michael Bloomberg attends a meeting during the COP21 at Le Bourget, near Paris, FranceMichael Bloomberg, the billionaire former mayor of New York City, has told his aides to draw up plans for an independent campaign for the U.S. presidency, according to a source familiar with the situation. Bloomberg has advised friends and associates that he would be willing to spend at least $1 billion of his own money on a campaign for the November 2016 election, according to the source, who spoke on condition on anonymity to discuss the former mayor’s thinking. News of Bloomberg mulling a presidential run was first reported Saturday by the New York Times.

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