Billionaire and former presidential candidate Mike Bloomberg is plotting a massive spending blitz to back Joe Biden’s quest for the White House. The former New York mayor and his closest political advisors are discussing whether Bloomberg’s expenditures will include major donations to pro-Biden super PACs, Biden’s joint fundraising effort with the Democratic National Committee, or another independent group, according to people familiar with the conversations. These people declined to be named as the talks were private. There are at least three super PACs backing Biden that Bloomberg could give to: Unite the Country, Priorities USA and American Bridge. Donors can give unlimited funds to super PACs, but are limited in how much they can give to campaigns and joint fundraising campaign committees. Read more https://www.cnbc.com/2020/05/15/mike-bloomberg-plots-spending-blitz-to-back-joe-biden-campaign.html
