Photo: Spencer Platt/Getty Images

Mike Bloomberg, former New York City mayor, pledged $60 million to help House Democrats try and strengthen their majority in November, the Washington Post reports.

Why it matters: The billionaire's pledge nearly matches what he contributed to help Democrats flip the House in 2018. Bloomberg has deep pockets that allowed him to finance his own presidential campaign earlier this year.

The state of play: Of the money, more than $10 million has already been given to House Majority PAC, per the Post.

  • The money will be used to fund digital and television ads for some of the 20 freshman Democrats Bloomberg helped in 2018.
  • Some of the spending will be aimed at unseating Republican incumbents.
  • 21 of the 24 Democrats Bloomberg supported in 2018 won their races.

Yes, but: Bloomberg did not say how much more money he will spending on television and digital ads to help Biden or if he will help Democrats take the Senate.

What they're saying: Speaker of the House Nancy Pelosi issued a statement saying, "Mike Bloomberg played a role that was pivotal to our success two years ago. We are so glad that he is staying in the fight to protect and expand the Democratic majority in the House."

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House Democrats prepare new $2.4 trillion COVID-19 relief package

Speaker of the House Nancy Pelosi. Photo: Liz Lynch/Getty Images

House Democrats are preparing a slimmed-down coronavirus relief proposal focused on unemployment and direct payments that would cost roughly $2.4 trillion.

Why it matters: Democrats and Republicans have been deadlocked in negotiations for more aid despite CARES Act funds expiring over the summer.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 a.m. ET: 33,282,969 — Total deaths: 1,000,867 — Total recoveries: 23,066,203Map.
  2. U.S.: Total confirmed cases as of 12 a.m. ET: 7,148,009 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.

Bob Woodward: "I was not going to hide" my opinion on Trump

Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."

Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."