Michael Bloomberg has decided against launching a run for the US presidency, citing fears that he would end up handing the White House to Donald Trump or Ted Cruz.
In a blistering editorial, the former mayor of New York City went after the two Republican frontrunners and the growing extremism that he said was taking hold of both the Republican and Democratic electorates.
“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. This is not a risk I can take in good conscience,” he wrote in a column for Bloomberg View, an offshoot of his Bloomberg media and financial data group.
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