Michael Bloomberg Spent More Than $1 Billion on Presidential Bid

(Bloomberg) -- Michael Bloomberg put $1 billion into his short-lived Democratic presidential bid, a record-shattering amount for any campaign, let alone one that lasted four months, according to his latest filing with the Federal Election Commission.The former New York mayor also spent $176 million in March as he wound down his operation, including $18 million he transferred to the Democratic National Committee. His campaign ended the month with $11 million in the bank and $14.8 million in debts