Michael Bloomberg says he won't run for president


Former New York City Mayor Michael Bloomberg will not run for president in 2016, he wrote in a Bloomberg View post Monday. Bloomberg cited the uncertainty a three-way race with an independent candidate could potentially create, with no candidate receiving a majority of votes. That would leave Congress to determine the presidency.
"As the race stands now, with Republicans in charge of both Houses, there is a good chance that my candidacy could lead to the election of Donald Trump or Senator Ted Cruz," he wrote. "That is not a risk I can take in good conscience."
Bloomberg said in February he would consider running as an independent after reports surfaced in January.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Julie Kliegman is a freelance writer based in New York. Her work has appeared in BuzzFeed, Vox, Mental Floss, Paste, the Tampa Bay Times and PolitiFact. Her cats can do somersaults.
-
Epstein accusers urge full file release, hint at own list
speed read A rally was organized by Reps. Ro Khanna and Thomas Massie, who are hoping to force a vote on their Epstein Files Transparency Act
-
Court hands Harvard a win in Trump funding battle
Speed Read The Trump administration was ordered to restore Harvard's $2 billion in research grants
-
Florida aims to end all state vaccine requirements
Speed Read Health Secretary Robert F. Kennedy Jr. continues to cut vaccine access and install anti-vaccine activists at the FDA and CDC
-
US kills 11 on 'drug-carrying boat' off Venezuela
Speed Read Trump claimed those killed in the strike were 'positively identified Tren de Aragua Narcoterrorists' shipping drugs to the US
-
Trump vows to send federal forces to Chicago, Baltimore
Speed Read The announcement followed a California judge ruling that Trump's LA troop deployment was illegal
-
Trump crypto token launch earns family billions
Speed Read The World Liberty Financial token is now the Trump family's 'most valuable asset'
-
RFK Jr. names new CDC head as staff revolt
Speed Read Kennedy installed his deputy, Jim O'Neill, as acting CDC director
-
DC prosecutors lose bid to indict sandwich thrower
Speed Read Prosecutors sought to charge Sean Dunn with assaulting a federal officer