Former New York Mayor Mike Bloomberg filed federal papers Thursday declaring himself a Democratic candidate for president, a potentially disruptive move that could upend the party’s nomination fight this spring.

The filing, coming just eight months after Bloomberg ruled out running, reflects his view that the field of Democratic contenders was not well-positioned to win next year and that a candidate with his experience, political moderation and deep pockets would have a better chance of defeating President Donald Trump in a general election.

Advisers said Thursday that the filing was a step toward running for president but not an official announcement or public signal that he had made a final decision.

His bid would be built around his nearly bottomless pockets; no presidential campaign has come close to spending the resources at Bloomberg’s disposal.

Washington Post