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Bloomberg mulls 2016 presidential run, calls current campaigns an ‘insult to voters’

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NEW YORK – The billionaire former mayor of New York City is not ruling out a run for president, Michael Bloomberg told a Financial Times reporter Monday.

Bloomberg, who served three consecutive terms as the city's mayor, said he is keeping all of his options open, adding, "I find the level of discourse and discussion distressingly banal and an outrage and an insult to voters."

He said he is monitoring "what candidates are saying" and what the voters are responding to before he makes the decision to put his name on ballots across the country at the beginning of March.

The news comes after Vermont Senator Bernie Sanders raced to a sizable lead over Hillary Clinton in New Hampshire, and real estate mogul Donald Trump and Texas Senator Ted Cruz continue to feud on the Republican side.

In late January, Clinton said she wasn't concerned about a run by Bloomberg, who she called a "good friend."  She said she believed Bloomberg would only join the race as an independent if she wasn't chosen to be the nominee.