Former New York City Mayor Michael Bloomberg is expected to enter the 2020 U.S. presidential race, reversing his previous decision.
A Bloomberg aide said on Thursday that the billionaire is reconsidering as he worries the current Democratic candidates are not "well positioned" to defeat President Trump.
The adviser added Bloomberg has not made a final decision yet, but he's reportedly preparing to file paperwork to qualify for the Alabama primary before Friday's deadline.
Given his more centrist views and vast fortune, Bloomberg's entry could pose a serious challenge to the current crop of Democrat candidates, including former Vice President Joe Biden.