BREAKING: Michael Bloomberg Is Expected to File for Presidential Run

This is a developing story. Return to this post for updates.

UPDATE 1:

It appears the Big Gulp Nazi is about to enter the race.

Bye, bye Sleepy Joe, by bye Pocahontas

The New York Times is reporting:

Michael R. Bloomberg is actively preparing to enter the Democratic presidential primary and is expected to file paperwork this week designating himself as a candidate in at least one state with an early filing deadline, people briefed on Mr. Bloomberg’s plans said.

UPDATE 2

From NYT:

[I]n the first sign that he is seriously moving toward a campaign, Mr. Bloomberg has dispatched staffers to Alabama to gather signatures to qualify for the primary there. Though Alabama does not hold an early primary, it has a Friday deadline for candidates to formally enter the race.

UPDATE 3

More from NYT:

Mr. Bloomberg will have to move quickly if he is to compete in a serious way for the Democratic nomination. Beyond Alabama, several other states have filing deadlines in quick succession, including New Hampshire, with its crucial early primary. While he has maintained a cluster of high-powered advisers in New York, he would have to build a campaign from zero in the early primary and caucus states, and it may be difficult for him to qualify for the two remaining debates this year.

UPDATE 4

From the New York Post:

 Disappointed with the leading Democratic candidates in the 2020 pack, Mike Bloomberg is once again considering a run for president, sources tell The Post.

“He thinks Biden is weak and [Bernie] Sanders and Warren can’t win,” said a source familiar with Bloomberg’s apparent about-face, which comes just months after the three-term New York City mayor took his name out of consideration...

“Trump will get re-elected if Elizabeth Warren is the nominee. That’s not something any Democrat would want,” a Bloomberg insider said. “[Therefore] Mike was encouraged to take another look and reassess the race.”...the flurry of activity in Bloomberg’s political world changed on Thursday, sources said.