Michael Bloomberg Michael BloombergBloomberg rolls out M ad buy to boost Biden in Florida Democratic groups using Bloomberg money to launch M in Spanish language ads in Florida Bloomberg pays fines for 32,000 felons in Florida so they can vote MORE’s possible entrance into the presidential race sent shock waves throughout the Democratic primary field this week, as campaigns scrambled to size up a potential rival whose high profile and vast personal fortune threatens a major shift in the contest.



News of the former New York City mayor’s plans were greeted with consternation and anger by some Democrats, who see the move as late-breaking and disruptive, coming less than three months before the first votes are cast in the nominating contest.

At the same time, Bloomberg’s centrist views and personal wealth would likely put him in direct competition with former Vice President Joe Biden Joe BidenFormer Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick Bloomberg rolls out M ad buy to boost Biden in Florida MORE and South Bend, Ind., Mayor Pete Buttigieg Pete ButtigiegBillionaire who donated to Trump in 2016 donates to Biden The Hill's Morning Report - Sponsored by Facebook - GOP closes ranks to fill SCOTUS vacancy by November Buttigieg stands in as Pence for Harris's debate practice MORE, the leading moderates in the Democratic race.

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Bloomberg, 77, has not made a final decision on whether to pursue the Democratic presidential nomination, a person familiar with his thinking said.

But on Friday he officially filed as a candidate for the Alabama Democratic presidential primary, the first step in a possible White House run.



There are lingering questions about whether Bloomberg would be able to break out in the Democratic primary at a time when the party’s progressive faction is on the rise.



Sens. Elizabeth Warren Elizabeth WarrenOvernight Defense: Appeals court revives House lawsuit against military funding for border wall | Dems push for limits on transferring military gear to police | Lawmakers ask for IG probe into Pentagon's use of COVID-19 funds On The Money: Half of states deplete funds for Trump's 0 unemployment expansion | EU appealing ruling in Apple tax case | House Democrats include more aid for airlines in coronavirus package Warren, Khanna request IG investigation into Pentagon's use of coronavirus funds MORE (D-Mass.) and Bernie Sanders Bernie SandersSirota reacts to report of harassment, doxing by Harris supporters Republicans not immune to the malady that hobbled Democrats The Hill's Morning Report - Sponsored by Facebook - Republicans lawmakers rebuke Trump on election MORE (I-Vt.), the leading liberals in the race, have hinged their presidential campaigns on the argument that the wealthy already hold too much influence in the U.S. political system.

As news of Bloomberg’s plans broke on Thursday, their presidential campaigns pounced, declaring that the former mayor’s potential candidacy was a form of backlash to their progressive proposals.



“The wealthy and well connected are scared,” Warren’s campaign said in an email to supporters. “They're scared that under a Warren presidency, they would no longer have a government that caters to their every need. So they're doing whatever they can to try to stop Elizabeth and our movement from winning in 2020 and bringing big, structural change in 2021.”



But there are signs that Democratic voters may be looking to nominate a moderate in 2020. And Bloomberg, a former Republican and independent who re-registered as a Democrat in 2018, could fit that profile.



A New York Times/Siena College poll released Friday found that a majority of Democrats surveyed in six battleground states — Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin — prefer a more centrist-minded candidate who promises to find common ground with Republicans.



To be sure, Bloomberg would face a slew of challenges if he mounts a bid for the White House.



His would-be rivals for the Democratic nomination have already been campaigning and organizing for months in the early primary and caucus states that play a crucial role in choosing a nominee, and the contest has largely coalesced around four leading candidates: Biden, Warren, Sanders and Buttigieg.



And while money would be a nonissue for a possible Bloomberg campaign — his net worth from building his financial data and media business exceeds $50 billion — he would have to amass the support of hundreds of thousands of donors quickly if he has any hope of participating in the Democratic primary debates.



There are concerns that Bloomberg could choose to forgo campaigning in the early primary and caucus states altogether and hinge his presidential ambitions on a strong performance on Super Tuesday.



New Hampshire Democratic Party Chairman Ray Buckley and Iowa Democratic Party Chairman Troy Price issued a rare joint statement on Friday nudging Bloomberg to visit the early states if he mounts a presidential bid.



“We are excited that this Democratic presidential nomination contest has so many qualified candidates who all have plans to grow our economy, make quality health care more accessible, and make college more affordable, and we are certain that Granite Staters, Iowans, and other early state voters are eager to ask Michael Bloomberg about his plans to move our states and our country forward,” Buckley and Price said. “We hope that they will have that opportunity.”



Bloomberg previously flirted with a presidential bid. But he held off from entering the race earlier this year, in part because he believed that Biden would prove too difficult to beat in a primary.



Howard Wolfson, a longtime adviser to Bloomberg, suggested on Thursday, however, that the former mayor’s thinking had changed, noting that he has become “increasingly concerned that the current field of candidates is not well positioned” to defeat President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE in 2020.



“If Mike runs he would offer a new choice to Democrats built on a unique record running America’s biggest city, building a business from scratch and taking on some of America’s toughest challenges as a high-impact philanthropist,” Wolfson said in a statement.



“Based on his record of accomplishment, leadership and his ability to bring people together to drive change, Mike would be able to take the fight to Trump and win.”



If he mounts a campaign for the Democratic nomination, Bloomberg would likely pose the most significant threat to Biden, a fellow moderate who has sought in recent weeks to sharpen his case against the primary field’s progressives, Warren and Sanders.



Patrick Murray, the director of the Monmouth University Polling Institute, said it’s unlikely that a late entrant into the race like Bloomberg would be able to break through among primary voters at this point in the cycle, though he could pull support away from Biden.



“Short of Michelle Obama Michelle LeVaughn Robinson ObamaObamas are 'most admired' man and woman in world: poll John Legend: Americans may have to think about leaving country if Trump reelected Black stars reimagine 'Friends' to get out the vote MORE, I can’t think of any late entrant who could make a dent other than to hurt one of the existing front-runners,” Murray said. “Bloomberg could end up hurting Biden but actually helping Sanders or Warren nab the nomination.”



A Monmouth University poll released in March showed Bloomberg polling at only 2 percent in the Democratic primary race.



Likewise, it found 27 percent of respondents reporting a favorable opinion of him while 26 percent reported an unfavorable opinion. Nearly half said they either hadn’t heard of him or didn’t know enough about him to form an opinion.



Still, the prospect of a Bloomberg candidacy has irked some in the primary contest, including Sen. Amy Klobuchar Amy Klobuchar3 reasons why Biden is misreading the politics of court packing Social media platforms put muscle into National Voter Registration Day Battle lines drawn on precedent in Supreme Court fight MORE (D-Minn.), who criticized the notion that Bloomberg may run because of his belief that others in the race are not well-positioned to beat Trump in 2020.



“We don’t need anyone coming in and telling us that none of them, with all of the work people have done for our country, are good enough,” she said. “I don't buy that and I don't think you do either."

-- Updated at 6:15 p.m.