Michael Bloomberg: Democrats have 'more than enough time' to choose new nominee

Former New York City Mayor Michael Bloomberg, whose net worth is over $104 billion per Forbes, is urging Democrats to take their time in selecting a new presidential nominee in the wake of President Biden's decision to drop out of the 2024 election.

Bloomberg, a businessman and former Republican who entered the 2020 Democratic presidential primary, released a statement Monday telling Democratic Party leaders there's still enough time for them to take stock of the views of voters around the...