Politics United States

Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates

Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms US politics live – latest updates The…

By The News Engine Desk Based on reporting by The Guardian

21 Oct 2026, 03:37 IST Updated 1 day ago 1 min read 0 views

Image accompanying the story: Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates — Image: Photograph: Europa Press News/Europa Press/Getty Images · via The Guardian

The Guardian reports: Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms US politics live – latest updates The billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress.

This politics story centres on the United States. Names and organisations mentioned in the coverage include Michael Bloomberg, Democrats and Republican.

Why it matters

Developments in politics can affect laws, budgets and public trust, which is why they draw close scrutiny.

Key details

Location: United States · Americas
Reported by: The Guardian
First reported: 21 Oct 2026, 03:37 IST
Key names: Michael Bloomberg, Democrats, Republican, Donald Trump
Section: Politics
Figure cited: The reported donations came as Donald Trump announced on Tuesday he intended to spend a total of $400m to aid Republican candidates, with $300m already disbursed. (The Guardian)