Friends Say Bloomberg Prepared To Shell Out $1 Billion Of His Own Money For White House Run

Washington Times   |  Ralph Z. Hallow   |   May 15, 2007 10:43 AM

Read More: Washington, White House, Michael R. Bloomberg, U.S. Republican Party, New York , Breaking Politics News
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New York Mayor Michael R. Bloomberg is prepared to spend an unprecedented $1 billion of his own $5.5 billion personal fortune for a third-party presidential campaign, personal friends of the mayor tell The Washington Times.

"He has set aside $1 billion to go for it," confided a long-time business adviser to the Republican mayor. "The thinking about where it will come from and do we have it is over, and the answer is yes, we can do it."

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