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Billionaire conservative Charles Koch. Photo: Patrick T. Fallon for The Washington Post via Getty Images

The Koch brothers' political network, a powerhouse that for years has held major influence in conservative circles, has informed donors in recent months that it will stay out of the 2020 presidential race and will not support efforts to reelect President Trump, the Washington Post reports.

Why it matters: This is yet again another rebuke to Trump by the network, which has repeatedly voiced its frustrations with some of the president's combative rhetoric and policies involving immigration and trade. Last summer, Charles Koch warned that Trump's trade war could be "disastrous" and said he would be open to supporting free market Democrats — prompting Trump to respond on Twitter by slamming the "globalist" brothers as irrelevant and "a total joke in real Republican circles."

Yes, but: The network is still expected to support candidates for the Senate and governorships like they did in 2016, when they first declined to endorse Trump.

  • Koch spokesman James Davis told the Post it will make a "significant investment to support policy champions in Senate, House and state races, build broad-based policy coalitions, and to launch a major new initiative to fight poverty in America."
  • In August, RNC Chairwoman Ronna Romney McDaniel sent a letter urging party contributors to avoid affiliating with the Koch network.

Go deeper

3 hours ago - Politics & Policy

Rahm Emanuel floated for Transportation secretary

Rahm Emanuel. Photo: Joshua Lott for The Washington Post via Getty Images

President-elect Biden is strongly considering Rahm Emanuel to run the Department of Transportation, weighing the former Chicago mayor’s experience on infrastructure spending against concerns from progressives over his policing record.

Why it matters: The DOT could effectively become the new Commerce Department, as infrastructure spending, smart cities construction and the rollout of drone-delivery programs take on increasing economic weight.

3 hours ago - Politics & Policy

Biden turns to experienced hands for White House economic team

Illustration: Sarah Grillo/Axios

Joe Biden plans to announce Cecilia Rouse and Brian Deese as part of his economic team and Neera Tanden to head the Office of Management and Budget, sources tell Axios.

Why it matters: These are experienced hands. Unveiling a diverse group of advisers also may draw attention away from a selection of Deese to run the National Economic Council. Some progressives have criticized his work at BlackRock, the world's largest asset management firm.

Biden taps former Obama communications director for press secretary

Photo: Mark Makela/Getty Images

Jen Psaki, who previously served as Obama's communications director, will serve as President-elect Joe Biden's press secretary, the transition team announced Sunday.

The big picture: All of the top aides in Biden's communication staff will be women, per the Washington Post, which first reported Psaki's appointment.