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Michael Bloomberg Planning to Donate $10 Million to House Democrats

Billionaire media mogul and Democratic presidential contender Michael Bloomberg is donating $10 mill..

Billionaire media mogul and Democratic presidential contender Michael Bloomberg is donating $10 million to House Democrats who are being maligned for supporting the impeachment of Republican President Donald Trump.

“Sadly Republicans are more interested in protecting the president than the Constitution,” Bloomberg said in a statement. “Fortunately House Democrats are holding the President accountable, and they need resources to stay in office.”

The donation is planned for Thursday.

Bloomberg, 77, announced he was running for the Democratic presidential nomination on Nov. 24. He said he has the best chance to beat Trump and claimed the president is “an existential threat to our country and our values.”

In a statement, House Speaker Nancy Pelosi (D-Calif.) praised Bloomberg for the donation.

“In 2018, Mayor Bloomberg was a critical ally in helping House Democrats regain the Majority. Now, the stakes are even higher as we work to make health care more affordable by reducing the skyrocketing cost of prescription drugs, increase wages and root out corruption,” she said.

“We welcome and thank Mayor Bloomberg for his support.”

Pelosi and party leaders announced on Tuesday two articles of impeachment against Trump and are expected to call a vote on them soon. Democrats in battleground districts have largely resisted committing to voting for impeachment, saying they had to see all the evidence supporting the articles first.

Nancy Pelosi and Democrats
Nancy Pelosi and Democrats
House Speaker Nancy Pelosi (D-Calif.), (Front C), flanked by House Intelligence Chairman Adam Schiff (D-Calif.) (R), House Judiciary Chairman Jerry Nadler (D-N.Y.) (L), House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) (2nd L), House Committee on Oversight and Reform Chairwoman Carolyn Maloney (D-N.Y.) (C), and House Ways and Means Chairman Richard Neal (D-Mass.) (2nd R), speaks as Democrats announced articles of impeachment against President Donald Trump during a press conference at the U.S. Capitol in Washington, on Dec. 10, 2019. (Saul Loeb/AFP via Getty Images)

Republicans have attacked moderate Democrats who have signaled support for the impeachment inquiry against Trump—all but two voted for the impeachment process resolution—and are especially targeting those who hold seats in districts that Trump won in 2016.

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