Former New York City Mayor Michael Bloomberg could reportedly take back his decision to not run for president in 2020, if former Vice President Joe Biden decides not to run.
What are the details?
Less than a month ago, Bloomberg announced that he was pulling his name from consideration for the Democratic nomination.
But since then, Biden has come under fire for allegations that he kissed and touched women without their consent. Biden, who is expected to officially enter the race soon, has given no indication that he has abandoned his presidential aspirations.
According to a report by Axios, people, "who have discussed the matter with the former New York mayor," said that he would consider entering the race if Biden dropped out. While Biden is a party-line Democrat and Bloomberg raises millions for gun control, abortion, and liberal environmental policies, both are seen as "centrists" by many in their own party, compared to the far-left policies of Democratic candidates like Sens. Bernie Sanders (Vt.) and Elizabeth Warren (Mass.).
The Axios report also said that the possibility of Biden deciding to run was a large part of what convinced Bloomberg to stay out of the race.
Bloomberg has a net worth of roughly $58.9 billion, according to Forbes, dwarfing President Donald Trump's estimated net worth of $3.1 billion. Bloomberg said in January that he thought he "would defeat Donald Trump in a general election" but that he was "clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field."
While the question of whether or not Bloomberg may still enter the race is still up in the air, it is fairly certain that the party-hopping former mayor would run as a Democrat.
In January, Bloomberg warned Starbucks CEO Howard Schultz not to run as an independent candidate because "there is no way an independent can win."