California Billionaire Tom Steyer Says He’s Not Running for Office, Pledges $30 Million to Help Democrats in House

Tom Steyer, the billionaire Democratic megadonor, says he is not running for office in 2018 but will spend $30 million on an effort to win control of the House.

Hedge fund billionaire, Democratic mega-donor and environmentalist Tom Steyer holds a news conference regarding his political future and plans in in Washington, DC. on Jan. 8, 2018. (Credit: Chip Somodevilla/Getty Images)

Steyer is pumping the money into his NextGen America group’s youth program, which is aimed at organizing and...

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