Michael Bloomberg is reportedly directing about $80 million towards Democratic causes in the final stretch of the 2026 US midterm elections, with at least $50 million earmarked for House races as both parties deploy substantial resources ahead of the 3rd November vote.
The late-stage intervention by the former New York City mayor comes as Democrats seek to regain control of Congress and Republicans mobilise their own funding advantage. Bloomberg's team disclosed the spending to The New York Times, with some contributions still underway and campaign-finance filings expected to provide further details.