Biden allies are worried that a Bloomberg candidacy could clinch the nomination for Warren
, after he decided against it in March. Top Bloomberg advisor Howard Wolfson said Thursday that the billionaire former New York mayor is "increasingly concerned that the current field of candidates is not well-positioned" to defeat President Donald Trump next year.
Bloomberg is already gaining the support of people on Wall Street, a core source of fundraising for Biden. Bernard Schwartz, a Biden supporter and CEO of BLS Investments, said that Bloomberg's possible candidacy could give a boost to Warren, who has made targeting billionaires a key part of her appeal.
"He's like Mario Cuomo or even Hamlet on the Hudson. He's in, he's not in. Until I see real proof he's in then I don't believe it," said a lobbyist helping Biden behind the scenes. Cuomo, the late former New York governor and father of Andrew Cuomo, famously agonized over whether to run for the Democratic nomination in the 1992 race before ultimately deciding not to.Political strategists from both sides of aisle see a Bloomberg candidacy ultimately hurting Biden.
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