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Billionaire Tom Steyer mulls run for Sen. Boxer's seat


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la-me-pol-boxer-steyer-20150110-story.htmlL.A. Times:

Billionaire environmental activist Tom Steyer is aggressively exploring a run for the U.S. Senate seat being vacated by Barbara Boxer and is expected to make a decision within days, according to multiple sources close to Steyer.


The former hedge fund titan has been huddling with advisors, polling California voters, buying website addresses and meeting with political and labor leaders as he weighs a bid, the sources said.


Boxer's announcement Thursday that she would leave her post in 2016 set off a frenzy of speculation about who would run for the first open U.S. Senate seat in California in more than 20 years. If Steyer opts in, with the ability to fund a race expected to cost tens of millions of dollars, he could upend a field that would otherwise be crowded with other ambitious Democrats.


"Steyer has the greatest incentive to plant his flag early," said Dan Schnur, head of the Jesse M. Unruh Institute of Politics at USC. He "has the capacity to scare other people out of the race."



This seat for sale.


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