Michael Bloomberg to declare for U.S. presidential race

A latest breaking news suggests that the former New York City Mayor Michael Bloomberg is once again considering a run for president in 2020, with an adviser saying he is concerned that the current crop of Democratic contenders will not be able to defeat President Donald Trump.

Bloomberg, 77, had considered a run earlier this year but decided not to run and instead support Democratic efforts to regain control in Washington. Now he is open once again to running against Trump himself.

Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.

“We now need to finish the job and ensure that Trump is defeated – but Mike is increasingly concerned that the current field of candidates is not well positioned to do that,” said Bloomberg adviser Howard Wolfson in a statement. Wolfson said Bloomberg would run on his record of serving as mayor of the nation’s largest city, building his own company and contributing to global causes through his philanthropic activities.

“Based on his record of accomplishment, leadership and his ability to bring people together to drive change, Mike would be able to take the fight to Trump and win,” Wolfson said.