Michael Bloomberg re-registers as Democrat ahead of 2018 midterm elections

Michael Bloomberg the UN Secretary-General's Special Envoy for Climate Action speaks during the plenary session of the Global Action Climate Summit in San Francisco

Bloomberg was previously a member of the Democratic party but switched in 2001 to run for NY mayor as a Republican.

In a move that could fuel more speculation about his political future, former Mayor Mike Bloomberg has rejoined the Democratic party.

"I'm just way away", Bloomberg told the paper, "from where the Republican Party is today", adding that he also doesn't fall in line with all of the Democratic Party's politics.

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Throwing himself into smashmouth presidential politics would force him to abandon the comparatively high-minded path of public philanthropy that has defined Bloomberg's post-mayoral years. According to Bloomberg News (part of the former mayor's conglomerate), he is already allocating millions of dollars to support Democratic efforts to take control of Congress.

Bloomberg says on social media he did so "because we need Democrats to provide the checks and balance our nation so badly needs". He told The New York Times last month he is actively considering opposing President Donald Trump in the next presidential election.

"It's impossible to conceive that I could run as a Republican - things like choice, so numerous issues, I'm just way away from where the Republican Party is today", he told the Times. He has said he is considering running for president as a Democrat - making this one of his most overt moves to date toward a possible White House campaign. "So if you ran, yeah, you'd have to run as a Democrat". He served as New York City's mayor for three terms and has twice flirted with running for president as an independent candidate. He endorsed Hillary Clinton in the 2016 election and was a vocal critic of Trump.

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