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BREAKING NEWS: Michael Bloomberg, 77, gets ready to put his name on 2020 Democratic ballot in Alabama - opening way for $52 BILLION former NY mayor to make dramatic entry into presidential race

-Michael Bloomberg is preparing to enter the 2020 Democratic presidential field

-His staff will file paperwork for the primary in Alabama, which as Friday deadline

-Bloomberg's entry into the race would upend the Democratic presidential field

-He has not made a final decision on whether to mount a bid
In March he said he would not run for the Democratic nomination

-But party elders were said to be worried about the Democratic field and hoping someone like Bloomberg would enter the race to take on Donald Trump

By EMILY GOODIN, U.S. POLITCAL REPORTER FOR DAILYMAIL.COM

PUBLISHED: 17:45 EST, 7 November 2019 | UPDATED: 00:28 EST, 8 November 2019