Steyer to Make ‘Major Announcement’ on His Political Future Monday

Tom Steyer / YouTube

Billionaire environmentalist and Democratic mega-donor Tom Steyer is ready to announce what his next move in politics will be.

Steyer told reporters Thursday that he will "make a major announcement" on Monday, according to the Los Angeles TimesPhil Willon. Steyer has garnered national attention for his "Need to Impeach" campaign against President Donald Trump, on which he spent $20 million only to see Democrats and Republicans unite to table the articles of impeachment.

Steyer will "make a major announcement regarding his political future and plans for 2018" Monday in Washington, D.C., his press release said. A U.S. Senate seat and the governorship are both up for grabs this year back in his home state of California, but it is notable that Steyer will be making his announcement in Washington rather than in the Golden State.

Steyer has raised his profile on the east coast with his impeachment campaign. He spent millions advertising the campaign’s website on television and on billboards in New York City’s Times Square, but his fellow Democrats did not respond enthusiastically.

House Minority Leader Nancy Pelosi (D., Calif.) called the movement a "distraction."

"Now is not the time to consider articles of impeachment," Pelosi and House Minority Whip Steny Hoyer (D., Md.) said in a statement.

"Right now, congressional committees continue to be deeply engaged in investigations into the President’s actions both before and after his inauguration," the statement said. "The special counsel’s investigation is moving forward as well, and those inquiries should be allowed to continue."

Pelosi and Hoyer joined a majority of House Democrats in voting to kill articles of impeachment introduced by Rep. Al Green (D., Texas) in December. Only 58 members of Congress voted against killing Green’s motion, with 126 Democrats joining Republicans to table it.

Steyer spent about $91 million in the 2016 election, more than any other individual, and the majority of the candidates he directly supported ended up losing. That record earned him the designation of "biggest loser" in the 2016 election cycle.