Wall Street Democratic Donors Warn Party

Several Democratic donors on Wall Street and in big business tell CNBC they “are preparing to sit out the presidential campaign fundraising cycle — or even back President Trump — if Sen. Elizabeth Warren wins the party’s nomination.”

“During the campaign, Warren has put out multiple plans intended to curb the influence of Wall Street, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy.”