Thursday, January 22, 2015

Tom Steyer passes on California Senate run

The Hill reports:
Billionaire climate activist Tom Steyer said Thursday he would not be running for a California Senate seat in 2016.

Steyer, a former hedge fund manager, had said he would consider throwing his hat in the ring after Sen. Barbara Boxer (D-Calif.) said she would retire in 2016.

"I believe my work right now should not be in our nation's capital but here at home in California, and in states around the country where we can make a difference," Steyer wrote Thursday in The Huffington Post.
Rent-seeking update.