Wall Street donors are so worried about Elizabeth Warren that they are snubbing Democrats in 2020 Senate races.
The bitter feud between Warren and Wall Street is spilling into Democrats’ efforts to take back the Senate next year, according to CNBC.
— The Daily Wire (@realDailyWire) November 5, 2019
Wall Street bankers and financial bigwigs are scaling back their donations to the Democratic Party, according to a new report from CNBC, and Sen. Elizabeth Warren (D-MA) is likely to blame.
CNBC reports that Wall Street executives have told Sen. Chuck Schumer (D-NY), the primary recipient of their largesse, that they are temporarily restricting their generosity over “their concerns with Warren becoming a front-runner in the race for the party’s presidential nomination.”
It’s a move likely to have direct consequences. Democrats want to retake the Senate and keep the House in the 2020 elections — in addition to winning back the White House — and without big-money donors, significant gains in either house of Congress are unlikely.
More moderate Democrats may be in great
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