Mike Bloomberg transfers his campaign assets to Democratic Party to fight President Trump in swing states

Washington Post logoFormer New York mayor Mike Bloomberg has decided to donate significant components of his shuttered presidential campaign to the Democratic Party, a historic bequest that includes an $18 million cash infusion to organize for the general election in swing states.

The decision, which exploits a provision in campaign finance law available only to federal candidates, amounts to a shift in strategy for the billionaire political activist, who had previously promised to personally fund ground staff and offices in six states through an independent expenditure effort.

He now hopes that much of the same operation will be run through the state and national Democratic Party, which would allow for it to directly coordinate with the Democratic nominee, whom he expects to be former vice president Joe Biden. An independent expenditure campaign is barred from such coordination. Continue reading.