Bloomberg Launches a Super PAC

New York Mayor Michael Bloomberg is fed up with the current political climate, so he's launching his own super PAC to influence some change, reports the New York Times. His group will give up to $1 million apiece to candidates on both sides of the aisle who are behind Bloomberg's three main causes—legalizing gay marriage, stricter gun laws, and strong education. That's a hefty sum, since some candidates running for Congress spend about twice that on their entire campaign.

Bloomberg's team hopes that by jumping in late in the campaign season, they'll be able to target non-partisan voters in some close elections. He hasn't decided all of the candidates he will support, but so far he's selected Maine Senate candidate, independent Angus King, and Bob Dold, a Republican rep from Illinois who is vocal about gun laws. Bloomberg is approaching the end of his term as mayor, and he's hoping that his super PAC sends the message that he "intends to keep his wallet open after he leaves office." (More Mayor Bloomberg stories.)