VISION? Mike Bloomberg Re-Registers as a DEMOCRAT

Michael Bloomberg the UN Secretary-General's Special Envoy for Climate Action speaks during the plenary session of the Global Action Climate Summit in San Francisco

New York State gained a high-profile registered Democrat on Tuesday: Former New York City Mayor Michael Bloomberg re-registered with the party, a key move in what could be a 2020 bid for president as a Democrat.

The billionaire business mogul - who endorsed Hillary Clinton over President Trump in the 2016 election - is heavily invested in helping elect Democrats in congressional midterm elections on November 6.

He left the Republican Party to become an independent in 2007 and served three terms as New York's mayor, stepping down in 2013.

Last week, Bloomberg announced he would give $20 million to the main Democratic Senate super PAC.

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"At key points in USA history, one of the two parties has served as a bulwark against those who threaten our Constitution", posted Bloomberg on social media.

"I'm just way away", Bloomberg told the paper, "from where the Republican Party is today", adding that he also doesn't fall in line with all of the Democratic Party's politics.

Bloomberg, 76, was a longtime Democrat who became a Republican before running for mayor of the largest USA city in 2001. According to Bloomberg News (part of the former mayor's conglomerate), he is already allocating millions of dollars to support Democratic efforts to take control of Congress. "Two years ago at the Democratic Convention, I warned of those threats", Bloomberg said in a statement posted to Instagram, Twitter and Facebook. Bloomberg has said he doesn't believe an independent candidate can win the White House.

The global media company founder said he has registered as a Democrat, which would be especially significant if he decides to challenge US President Donald Trump in 2020.

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