Michael Bloomberg <br />Is Officially Running for President.<br />The former mayor announced <br />his late-entry Democratic <br />presidential bid Sunday.<br />Sources close to Bloomberg told CNN that the <br />entrepreneur is running because he doesn’t <br />believe there is a candidate who can defeat Trump. .<br />I'm running for president to defeat Donald Trump and rebuild America. We cannot afford four more years of President Trump's reckless and unethical actions, Michael Bloomberg, via campaign website.<br />According to Kantar Media/CMAG, <br />Bloomberg has already invested at <br />least $37 million in television ads <br />for the next two weeks.<br />The billionaire’s first chance to appear <br />in a debate is December 19, when <br />qualifying candidates will gather in Los Angeles
