Mike Bloomberg is transferring $18 million from his presidential campaign to the Democratic National Committee in what is the largest such transfer ever
Bloomberg’s contribution amounts to more than the national party’s typical cash balance. The transfer will help the DNC make up for some of the steep fundraising disadvantage when compared with its Republican counterpart, which routinely has raised tens of millions more than the Democratic organization throughout election cycles.
DNC officials said Bloomberg’s money and real-estate transfers would be used to expand the party’s 12-state battleground program, with a focus on hiring additional staffers to work in organizing and data operations. Bloomberg’s former campaign employees will not have any advantage in the hiring process, officials said.
“Trump’s ability to lie and propagate misinformation, particularly using digital tools and other means with swing voters in battleground states, will continue to ensure a close race in November. Every decision we make as Democrats must account for this,” the campaign wrote.
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