Bloomberg: I'd use 'only my own money' for potential 2020 bid

Bloomberg: I'd use 'only my own money' for potential 2020 bid

Former New York City Mayor Michael Bloomberg said Friday that his campaign will be self-funded if he runs for president in 2020.

"I ran three times. I used only my own money so I didn't have to ask anybody what they wanted in return for a contribution," Bloomberg told reporters in Texas, according to Chron.

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"And, if I ran again, I would do the same thing. I think not having to adjust what you say and what you work on based on who financed your campaign is one of the things that the public really likes."

"I understand not everybody can be self-funded but those that can, I think, should," he added.

Bloomberg, who won elections in New York City as a Republican and Independent, is considering a presidential run as a Democrat.

He has said he'll decide by February on whether or not to pursue the nomination.

If he does, Bloomberg might join a crowded field of Democratic hopefuls including Sens. Elizabeth WarrenElizabeth Ann WarrenOn The Money: Trump rolls dice on uncertain economy | 737 crisis tests Boeing's clout in Washington | Watchdog group pushes 2020 candidates for 10 years of tax returns House Dems unveil measure to reject anti-Israel boycotts Bannon says an O'Rourke-Harris ticket poses the greatest threat to Trump in 2020 MORE (D-Mass.), Bernie SandersBernard (Bernie) SandersMichael Bennet 'encouraged' in possible presidential bid: report House Dems unveil measure to reject anti-Israel boycotts Bannon says an O'Rourke-Harris ticket poses the greatest threat to Trump in 2020 MORE (I-Vt.), Kamala HarrisKamala Devi HarrisMichael Bennet 'encouraged' in possible presidential bid: report House Dems unveil measure to reject anti-Israel boycotts Strategist says Trump is 'retreating' from talking about foreign policy MORE (D-Ca.) and Cory BookerCory Anthony BookerBannon says an O'Rourke-Harris ticket poses the greatest threat to Trump in 2020 Jared Kushner's brother made last-minute donation to Beto O'Rourke Senate campaign Biden advisers mull launch naming Abrams as running mate: report MORE (D-N.J.).

Former Rep. Beto O'RourkeRobert (Beto) Francis O'RourkeMichael Bennet 'encouraged' in possible presidential bid: report House Dems unveil measure to reject anti-Israel boycotts Bannon says an O'Rourke-Harris ticket poses the greatest threat to Trump in 2020 MORE (D-Texas) and former Vice President Joe BidenJoseph (Joe) Robinette BidenTrump has lost support from male voters since shutdown, analysis shows Biden-Abrams ticket would be a genius media move The Hill's 12:30 Report: Trump attacks on McCain rattle GOP senators MORE may also be in contention.