NEW YORK, N.Y. (CBSMiami) — Former New York City Mayor Michael Bloomberg is making preparations for an independent bid for the White House in 2016, CBS News has confirmed.READ MORE: 2 Hialeah Police Officers Arrested, Charged With Official Misconduct, Falsifying Public Records
Sources close to Bloomberg said he’s having his advisers draw up plans for a campaign, something the 73-year-old billionaire has considered in the past.
The move comes at the height of Republican candidate Donald Trump’s popularity and a close race between the two Democratic front-runners, Senator Bernie Sanders and former Secretary of State Hillary Clinton.READ MORE: Broward County Schools Superintendent Robert Runcie Arrested, Charged With Perjury
As reported by the New York Times, the former Big Apple mayor has indicated he’d be willing to spend at least $1 billion of his own money to fund a bid.
Bloomberg will reportedly come to a decision in March.MORE NEWS: Former Sen. Bill Nelson Testifies At Senate Confirmation Hearing For NASA’s Top Job