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Michael Bloomberg is not running for president. The New York billionaire ended months of speculation that he might challenge another New York billionaire – no prizes for guessing who that is – and the Democratic contenders. The former New York mayor concluded that he could not win enough electoral college votes in November and worried that entering the race would hand the White House to a Republican.
“There is a good chance that my candidacy could lead to the election of Donald Trump or Senator Ted Cruz. That is not a risk I can take in good conscience,” he said in deciding not to launch an independent bid.Read more
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