Tom Steyer likely to miss September debate stage after failing to hit 2% in new polls

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Tom Steyer likely to miss September debate stage after failing to hit 2% in new polls
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Democratic presidential candidate Tom Steyer will likely miss next month's debate after failing to register the 2% needed to qualify in two new polls

The billionaire hedge-fund founder plowed millions of dollars into television and social media ads to promote his bid for the Democratic presidential nomination, but he failed to register a minimum of 2 percentage points in two polls released Wednesday morning. Without those polls, he is likely to miss the debate stage in Houston next month.Steyer entered the race late -- on July 9 -- and scrambled to meet the Democratic National Committee's polling and donor benchmarks.

He announced earlier this month that he had met the donor threshold.Read MoreSteyer has repeatedly insisted that he would qualify for the September debate, telling CNN earlier this month:"We will make it."He spent millions, including on paid canvassers going door-to-door, asking people to send in $1 to help him reach the threshold of 130,000 donors. He made the same pitch on Facebook ads, even as he kept the most robust national TV advertising campaign of any Democratic candidate.

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