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 SandersBernard (Bernie) SandersTrump: ‘Clapper has now admitted there was spying on my campaign’ Overnight Defense: Trump decision on Korea summit coming 'next week' | China disinvited from major naval exercise | Senate sends VA reform bill to Trump Senate sends major VA reform bill to Trump's desk MORE (I-Vt.) won the Democratic nomination and either Donald TrumpDonald John TrumpGOP-Trump trade fight boils over with threat to cars Trump: Meetings on potential North Korea summit going 'very well' Freed American 'overwhelmed with gratitude' after being released from Venezuela MORE or Sen. Ted CruzRafael (Ted) Edward CruzGOP senators introduce Trump's plan to claw back billion in spending Pro-Trump super PAC raises .5 million in 6 weeks Trump has exposed Democratic hypocrisy on prison reform 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.