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George Soros, alarmed by Trump, pours money into race

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(BLOOMBERG) The liberal New York financier George Soros, whose effort to unseat President George W. Bush in 2004 shattered political spending records, is returning to big-ticket giving after an 11-year hiatus.


Soros has spent or committed more than $13 million to support Hillary Clinton and other Democrats this election cycle, already more than his total disclosed spending in the last two presidential elections combined.


Soros has expressed alarm over the past few months at the candidacies of Republicans Donald Trump and Ted Cruz. In a statement last week about a new group he’s funding to increase voting by Latinos and immigrants in the election, he again mentioned the two candidates by name.


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