Billionaire Tom Steyer open to backing Beto O’Rourke against Ted Cruz

Billionaire Tom Steyer, one of the leading Democratic megadonors inside 2018 election cycle, suggested he could get involved in a Senate battle brewing inside red state of Texas.

In an exclusive interview with CNBC, the founder of nonprofit group NextGen America said he has not ruled out backing Rep. Beto O’Rourke, a Democrat, running against conservative Republican incumbent Sen. Ted Cruz.

“We are intrigued by Texas, along with we are aware what we have to do in order to have an impact on a state of which big. We need a lot of resources, nevertheless we have not made a decision to be involved with This specific,” Steyer said.

The billionaire donor’s consideration about jumping into the fray can be the latest bit of intrigue inside race. O’Rourke can be starting to creep up inside polls while raking in cash in his bid to defeat Cruz, who had sought the 2016 GOP presidential nomination. A Democrat hasn’t held a U.S. Senate seat coming from Texas since 1993.

“The idea of which Texas can be even in play can be sort of mind boggling,” Steyer said.

A Quinnipiac poll coming from last week showed Cruz which has a 3-point lead over O’Rourke, a difference of which’s within the margin of error. However, 53 percent of respondents said they did not yet know enough about the underdog Democrat to form an opinion of him.

O’Rourke has been winning inside fundraising battle.

He more than doubled the amount Cruz raised inside first quarter of 2018, bringing in $6.7 million. The Republican raised $3.2 million during of which period.

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