Bloomberg Considering Bid for Presidency

Former New York Mayor Michael Bloomberg has asked his team of advisers to draw up plans for a what a presidential run as an independent candidate might look like, The New York Times reported on Saturday. The billionaire former mayor has already taken concrete steps toward running and said he is prepared to spend at least $1 billion of his own money on a campaign, according to anonymous sources familiar with the situation. Bloomberg plans to make a final decision in early March.