Bloomberg says he's eyeing 2016 run
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Former New York City Mayor Michael BloombergMichael BloombergTop 12 political donors accounted for almost 1 of every 13 dollars raised since 2009: study Holder, Yates lead letter backing Biden pick for Civil Rights Division at DOJ The truth behind companies' 'net zero' climate commitments MORE 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 SandersPelosi pushes for drug pricing measure amid uncertainty from White House White House sees GOP proposal as legitimate starting point The Memo: Washington's fake debate on 'bipartisanship' MORE (I-Vt.) won the Democratic nomination and either Donald TrumpDonald TrumpTrump: LeBron James's 'racist rants' are divisive, nasty North Carolina man accused of fraudulently obtaining .5M in PPP loans Biden announces picks to lead oceans, lands agencies MORE or Sen. Ted CruzRafael (Ted) Edward CruzEvery day should be Earth Day Hawley votes against anti-Asian hate crime bill Senate passes anti-Asian hate crimes bill 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.