Michael Bloomberg confirms he's considering a presidential run

After reports surfaced in January that Michael Bloomberg was considering an independent presidential run, the former New York City mayor confirmed the possibility himself to the Financial Times on Monday.

"I find the level of discourse and discussion distressingly banal and an outrage and an insult to the voters," Bloomberg said, adding that the public deserves "a lot better."

Bloomberg, who The New York Times reported would sink up to $1 billion of his own money into a campaign, told FT he'd need to start getting his name on ballots in March.

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"I'm listening to what candidates are saying and what the primary voters appear to be doing," he said.