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Photos: Getty Images

There's no such thing as a "front-runner" until Iowa Democrats caucus in January, but it's increasingly clear that 5 campaigns have a structural advantage entering the fall.

The big picture: Bernie Sanders, Pete Buttigieg, Joe Biden, Elizabeth Warren and Kamala Harris have built campaigns that can raise piles of cash — which they can use to build donor lists to raise even bigger piles of cash.

Expand chart
Data: FEC; Chart: Harry Stevens/Axios (See the interactive version)

Why it matters: The September debates require candidates to meet both a higher polling threshold and have twice as many donors as the first two rounds.

  • As of today, only the top 5 have qualified.
  • Watch at the next debate for candidates outside the top 5 — such as Julián Castro, who earned rave reviews after Debate 1 — to make a ploy for another big round of earned media.
  • Read FiveThirtyEight's breakdown of the September race.

The bottom line: Expect the field of 20+ to winnow significantly in the next few months.

Go deeper: Keep track of the latest fundraising numbers

Go deeper

Erica Pandey, author of @Work
59 mins ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.

AOC and Ilhan Omar want to block Biden’s former chief of staff

Reps. Ilhan Omar and Alexandria Ocasio-Cortez. Photo: Brendan Smialowski/Getty Images

Reps. Alexandria Ocasio-Cortez and Ilhan Omar are boosting a petition against Joe Biden nominating his former chief of staff to a new role in his administration, calling Bruce Reed a "deficit hawk” and criticizing his past support for Social Security and Medicare cuts.

Why it matters: Progressives are mounting their pressure campaign after the president-elect did not include any of their favored candidates in his first slate of Cabinet nominees, and they are serious about installing some of their allies, blocking anyone who doesn't pass their smell test — and making noise if they are not heard.