Michael Bloomberg spends $80m on Democrats as Trump moves $400m to Republican candidates

What happened: Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported, as Donald Trump announced he intended to spend $400m to aid Republican candidates. Key numbers: Bloomberg $80m; Trump $400m total, $300m already disbursed; Bloomberg gave $24m to Everytown for Gun Safety, $16m to House Majority Pac, $2.5m Why it matters: The spending comes as Democrats have acknowledged trailing Republicans in fundraising while seeking to win control of Congress, which would let them block Trump's legislative agenda and investigate his administration.

Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported, as Donald Trump announced he intended to spend $400m to aid Republican candidates.

The spending comes as Democrats have acknowledged trailing Republicans in fundraising while seeking to win control of Congress, which would let them block Trump's legislative agenda and investigate his administration.