Tom Steyer Lifts Ceiling on Spending After Bump in State Polls
- Billionaire has blown past $100 million he promised to spend
- Steyer’s surge could be stopped by poor showing in Iowa
Tom Steyer speaks during an interview following the Democratic presidential debate in Des Moines, Iowa, on Jan. 14.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Billionaire Tom Steyer has blown past the $100 million he committed to his Democratic presidential campaign by more than 25% and now says there is no ceiling on what he will spend if it keeps paying off.
It remains to be seen whether that tactic will work.