Mike Bloomberg's allies on Wall Street are looking to back his 2020 campaign for president, posing a risk for Democrats strapped for cash.
Bloomberg has yet to announce whether he will enter the primary, but he has privately signaled to his associates that an announcement is likely to come by the end of the week. Most people who know him are convinced that he will be getting into the race, people familiar with the matter said. His team has been interviewing and hiring aides for a potential run for president, these people added.
The fifth Democratic primary debate is set for Wednesday night. Biden, Warren, Sen. Bernie Sanders, Buttigieg and Sanders will be under intense scrutiny. Joshua Steiner, a senior advisor at Bloomberg's company and a co-chairman Castleton Commodities International, will also likely play an external role with the campaign, according to a friend of the former mayor.
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