Michael Bloomberg is directing roughly $80 million to help Democrats in the midterms from September through Election Day, including $50 million for the battle over House control. The billionaire former New York City mayor's House spending includes $24 million through Everytown for Gun Safety and $16 million for House Majority PAC. The new spending places Bloomberg among the five largest individual Democratic donors in the 2025-2026 cycle, after he had been publicly linked to $23 million in Democratic and allied giving. Republicans retain a substantial fundraising advantage: President Donald Trump has said spending through outside groups under his control will exceed $400 million before Election Day, while Elon Musk's federal political outlays for the cycle total about $366 million.