Politico reports:

Sparked by his narrow defeat in a Texas Senate race, Beto O’Rourke is scrambling the 2020 presidential primary field, freezing Democratic donors and potential campaign staffers in place as they await word of his plans.

Even prior to O’Rourke’s meteoric rise, many Democratic fundraisers had approached the large number of 2020 contenders with apprehension, fearful of committing early to one candidate. But the prospect of a presidential bid by O’Rourke, whose charismatic Senate candidacy captured the party’s imagination, has suddenly rewired the race.

O’Rourke — who raised a stunning $38 million in the third quarter of his race — is widely considered capable of raising millions of dollars quickly, according to interviews with multiple Democratic money bundlers and strategists, catapulting him into the upper echelons of the 2020 campaign.

Mikal Watts, a San Antonio-based lawyer and major Democratic money bundler, said several donors and political operatives in Iowa, after hearing from other potential candidates in recent days, have called to ask whether O’Rourke is running, a sign of his impact in the first-in-the-nation caucus state.

“They’re not wanting to sign on to other presidential campaigns until they know whether Beto is going,” Watts said. “And if Beto is running, what good progressive Democrat wouldn’t want to work for Beto O’Rourke?” [Continue reading…]