Bloomberg directs about $80 million to Democrats

Michael Bloomberg is directing about $80 million to Democratic candidates and political organizations during the 2026 midterm cycle, according to his adviser Howard Wolfson. The reported contributions were made during September and October, and some were still being distributed as of October 20, when the spending was reported. At least $50 million is aimed at House races, Wolfson said. That includes $24 million for Everytown for Gun Safety and $16 million for House Majority PAC. Bloomberg also planned to direct another $10 million to competitive House contests. The amounts are part of the reported spending, not a final accounting of money already delivered. Bloomberg’s stated objective is to help Democrats win a substantial House majority, rather than merely the minimum number of seats needed to take control. House Minority Leader Hakeem Jeffries could become speaker if Democrats win the chamber. The election is scheduled for November 3, 2026; the eventual effect of Bloomberg’s contributions on the result is not yet known. Wolfson said Bloomberg is not directing money to candidates associated with the Democratic Socialists of America. He attributed that preference to...