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Tom Steyer is investing $30 million in 2018 House races

Tom Steyer speaks at an event in D.C.
Tom Steyer during his press conference about 2018 in D.C. Photo: Chip Somodevilla/Getty Images

Tom Steyer is spending $30 million on House races to help progressive Democrats get elected. He's not running for office in 2018, despite wide speculation that he’d make a bid for California governor or for the U.S. Senate.

Why it matters: Although Steyer said he won't endorse any specific Democratic candidates, his movement could inevitably elevate certain Democrats over others because he's focusing on promoting progressives and progressive policies. And that matters because as Steyer told me, "We have tried not to engage in Democrat-on-Democrat [races] because we feel like it’s enough of a struggle to beat Republicans."