1:04
- ABC News
- January 9, 2019
Billionaire passes on 2020 presidential bid
Billionaire Tom Steyer spent millions to help Democrats in the 2018 midterms.
1:04
The California billionaire said he will be specifically targeting congressional Democrats like Speaker Nancy Pelosi and New York Rep. Jerrold Nadler, the Chairman of the House Judiciary Committee, to begin impeachment proceedings against Trump.
When asked about the process of actually removing Trump from office, something that would likely be voted on by a Republican-controlled Senate, Steyer said that would come down to pressure on individual GOP senators.
\"At some point, Republican senators will ask themselves what their own constituents are demanding. And whether it's better to abandon this disaster of a president or to support him,\" Steyer said.
Steyer's decision not to seek the White House in 2020 comes just over a week after Sen. Elizabeth Warren, D-Mass., formally announced a presidential exploratory committee, a precursor to a potential 2020 White House bid.
![\"PHOTO:](\"http://a.abcnews.com/images/Politics/warren-ap-er-190106_hpEmbed_2_3x2_384.jpg\")
Warren's campaign announced Wednesday that she is traveling to New Hampshire this Saturday for an organizing event in Manchester.
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