Democratic megadonor Bernard Schwartz has started reaching out to party leaders, to encourage them to back a candidate for president in order to stop the surge of Sen. Bernie Sanders.
Schwartz, the CEO of BLS Investments, told CNBC that in recent days he's been trying to speak with Pelosi and Schumer about making a pick, in the hope that voters will follow.
"We should know who is the best person to beat Donald Trump, and with all due respect, Bernie Sanders cannot beat Trump," describing the message he has relayed to the two Democratic leaders.
Although he isn't insisting on a particular candidate for Pelosi and Schumer to get behind, he said that he thinks the two best options, for now, are either former Vice President Joe Biden or former New York Mayor Mike Bloomberg, a billionaire funding his own candidacy for president.
Schwartz's concerns to leaders are being echoed by many Democratic leaders,
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