Bloomberg says he's eyeing 2016 run
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Former New York City Mayor Michael Bloomberg said publicly for the first time that he is considering a 2016 presidential run.

Bloomberg told the Financial Times for a story published Monday that he was "looking at all the options" regarding a bid.

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“I find the level of discourse and discussion distressingly banal and an outrage and an insult to the voters,” Bloomberg told the newspaper, saying the public deserved "a lot better."

The New York Times reported last month that Bloomberg was considering a third-party presidential bid, suggesting he could spend at least $1 billion on the uphill fight.

That report says Bloomberg set a deadline of early March for exploring a potential bid, and has asked aides to draw up plans for a potential independent campaign.

“I’m listening to what candidates are saying and what the primary voters appear to be doing,” Bloomberg told the Financial Times.

The New York Times report suggested that Bloomberg would be more likely to launch a third-party bid if Sen. Bernie SandersBernie SandersRep. John Lewis: Ellison is 'right person' to lead DNC DeVos should ‘persist’ despite liberal opposition Drug importation from other countries will save dollars and lives MORE (I-Vt.) won the Democratic nomination and either Donald TrumpDonald TrumpWH adviser Stephen Miller: 'Nothing wrong' with Trump travel order Mellman: Rating the presidents Webb: The future of conservatism MORE or Sen. Ted CruzTed CruzTrump wants to cut red tape? He should start with the CFPB. Why President Trump should choose Maureen Ohlhausen to lead the FTC Trump to speak at CPAC MORE (Texas) won the GOP race.

Trump last month downplayed the threat from Bloomberg, saying he would welcome him in the race.

"I’d beat him and I’d love him to do it actually, I love the competition," he told CNN.

This story was updated at 4:33 p.m.