Michael Bloomberg files FEC paperwork for presidential bid

Michael Bloomberg filed a statement of candidacy for president with the Federal Election Commission, taking another step to becoming a late entry to an already crowded field of Democratic candidates hoping to unseat President Trump.

The billionaire former New York mayor, however, has not personally made an announcement that he is running for president, and his team reportedly sees the FEC paperwork, filed Wednesday, as a necessary logistical step as he makes a final decision about running.