California Billionaire Swaps Party Affiliation Following Swalwell Resignation

California billionaire Stephen Cloobeck announced he is no longer a Democrat after withdrawing his support for Eric Swalwell's gubernatorial bid. This high-profile party switch signals a significant shift in the political landscape of California following the congressman's resignation. The move reflects a growing trend of wealthy donors reevaluating their allegiances in the wake of ethical scandals within the Democratic establishment.