WASTE: Bloomberg Gives Dems $10M More to Halt Red Wave

Billionaire Mike Bloomberg, the former New York City mayor, is sending an additional $10 million to the House Majority PAC in order to bolster chances for Democrats in the midterm elections, an adviser told Politico on Wednesday.

The donation comes as the Democratic Party leadership fears that recent large sums distributed by Republican super PACs will help give the GOP a decisive victory in the election.

“He has a long-standing relationship with Speaker [Nancy] Pelosi, was aware of the party’s current needs, and wanted to step up again,” Marc La Vorgna, a Bloomberg spokesperson, told Politico.

Bloomberg, who helped flip the House in 2018 for the Democrats and ran for president in 2020, is heavily invested this midterm in keeping Democratic control of Congress, La Vorgna said. Bloomberg has now contributed more than $70 million to party candidates and causes this cycle.

Bloomberg’s strategy is to spread around his donations to battleground races in order to hold off GOP challengers in close races and has so far sent between $500,000 and $2 million apiece to gubernatorial campaigns in Michigan, Pennsylvania, Colorado, New Mexico and Wisconsin, as well as another $2 million to Democratic secretaries of state.

Pelosi, who has raised hundreds of millions of dollars on her own this cycle, issued a statement thanking Bloomberg for being such “a key resource as Democrats are working to advance job creation, ensure public safety, protect a woman’s right to choose, defend Medicare and Social Secu