Backers of Sen. Dianne Feinstein have moved to form a super PAC for her re-election next year — not so much to beat back the just-announced challenge by fellow Democrat Kevin de León, the state Senate president, as to arm for possible war against billionaire environmentalist Tom Steyer.
Steyer, who lives in San Francisco and made his money as a hedge fund manager, hasn’t said whether he’ll make a run at Feinstein. But he’s definitely thinking about it.
There’s no doubt that Steyer could spend major money in a run against Feinstein. All he has to do is tap his own bank account — there are no limits to how much candidates can spend on their own campaign.