Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates

Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms US politics live – latest updates The billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections , US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress .