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Bloomberg on his media company not investigating Dems: Employee paychecks come 'with some restrictions and responsibilities'

White House hopeful Michael BloombergMichael BloombergBiden selects Gina Raimondo for Commerce chief: reports 7 surprise moments from a tumultuous year in politics NFL, politics dominate 2020 ratings MORE, owner and founder of Bloomberg News, defended his company's decision not to investigate his fellow Democratic presidential primary candidates, saying that being a reporter at Bloomberg includes "some restrictions and responsibilities.”

“They get a paycheck, but with your paycheck comes some restrictions and responsibilities," Bloomberg told Gayle KingGayle KingWoman who accused Black teen of stealing her phone charged with attempted assault CBS News President Zirinsky wins National Press Club Fourth Estate Award The Hill's Morning Report - Presented by UAE - US records 1 million COVID-19 cases in a week; governors crack down MORE in an exclusive interview with "CBS This Morning."

He added: “People have said to me, ‘How can you investigate yourself? And I said, ‘I don’t think you can.’"

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The former New York City mayor, who's worth more than $50 billion, has come under criticism for the Bloomberg News decision, announced late last month, that the outlet will not investigate its founder or any of his primary rivals. 

“We will continue our tradition of not investigating Mike (and his family and foundation) and we will extend the same policy to his rivals in the Democratic primaries. We cannot treat Mike’s democratic competitors differently from him,” wrote Bloomberg editor-in-chief John Micklethwait in a staff memo obtained by The Hill.

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President TrumpDonald TrumpGiuliani used provisional ballot to vote in 2020 election, same method he disparaged in fighting to overturn results Trump gets lowest job approval rating in final days as president Fox News' DC managing editor Bill Sammon to retire MORE's reelection campaign and the Republican National Committee both said they would begin withholding media credentials from Bloomberg journalists following the announcement.

Additionally in Friday's interview, Bloomberg defended his decision to privately fund his own campaign, a move that has drawn ire from his fellow candidates such as Sens. Elizabeth WarrenElizabeth WarrenBiden's minimum wage push faces uphill battle with GOP What to watch for in Biden Defense pick's confirmation hearing Biden selects Gensler for SEC chair, Rohit Chopra to lead CFPB MORE (D-Mass.) and Bernie SandersBernie SandersBiden pushing to cancel Keystone XL pipeline as soon as he takes office: reports Biden tax-hike proposals face bumpy road ahead Senate Democrats leery of nixing filibuster MORE (I-Vt.). 

“I’m doing exactly the same thing they’re doing, except that I am using my own money,” Bloomberg said.

“They’re using somebody else’s money, and those other people expect something from them," he continued. "Nobody gives you money if they don’t expect something. I don’t want to be bought.”