Billionaire Democrat Tom Steyer is aiming to finish off his spending spree in the 2018 congressional midterm elections with a $16 million infusion across all of his political organizations, CNBC has learned.
One of Steyer's aides, who spoke on the condition of anonymity, said the philanthropist and liberal activist is looking to splurge in the final 11 days of the midterms in order to continue his mission of helping Democrats unseat Republicans across the country. The $16 million is part of the $120 million that Steyer was planning to spend, the aide noted.
A spokesman for Steyer declined to comment.
Steyer has been working behind the scenes to boost Democrats through his Need to Impeach campaign and his super PAC, NextGen Climate Action Committee.
His PAC has been one of the most active committees this election season. So far, the PAC has raised $42 million and spent $1.3 million backing Democrats, according to the nonpartisan Center for Responsive Politics. It's also put out more than $663,000 against Republicans.