Johns Hopkins Bloomberg School of Public Health

As humanity waits with bated breath for the results of Tuesday's elections, it is worth noting that this year 10.5 billion dollars was spent on election campaigns in the United States - from the presidential ones to county commissioners. Some 3 billion of this was for presidential elections, including the primaries.

In an interview with the Wall Street Journal over the weekend, Clint Eastwood endorsed Democratic presidential candidate Mike Bloomberg. Support for Bloomberg from one of Hollywood's few Republican directors and actors says a lot about the situation the Democrats find themselves in at the moment as well as the choices dawning upon them.

Democratic presidential nominee Michael Bloomberg will sell his financial analytics company, which made him a billionaire, if he wins the election in November, according to a statement from his election headquarters.

Former New York Mayor Michael Bloomberg is preparing to enter the presidential race to become the Democratic candidate in the 2020 presidential election, US media reported.

On Friday, Bloomberg filed paperwork to qualify for the presidential primary in Alabama, which has the earliest deadline of any state. He has still not announced his candidacy, Vox reported.