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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."

Go deeper

Both Georgia Senate seats are heading to a runoff

David Perdue, Jon Ossoff, Raphael Warnock, Kelly Loeffler. Photo: Getty Images

Sen. David Perdue (R-Ga.) will go to a Jan. 5 runoff contest after failing to win 50% of the popular vote in the race against Democrat Jon Ossoff, AP reports.

Why it matters: No winner has been declared in either of Georgia's two Senate battles, which means we likely won’t know which party will hold the Senate majority until 2021.

Franklin Graham worries Trump too old to run in 2024

Graham and Trump at a rally in 2017. Photo: Ralph Freso/Getty Images

The Rev. Franklin Graham says a potential 2024 presidential bid by Donald Trump would "be a very tough thing to do," the prominent Christian leader told "Axios on HBO."

Why it matters: Graham, the president of the Billy Graham Evangelistic Association and Samaritan's Purse, was among Trump's earliest and most prominent evangelical defenders.

16 mins ago - Health

Franklin Graham would help Biden persuade evangelicals on vaccines

The Rev. Franklin Graham would be happy to work with the Biden administration on encouraging evangelicals to get COVID vaccines, he told "Axios on HBO."

  • "I would work with the Biden administration. I would work with the CDC. I would work with all of 'em to try to help save life," he told Axios' Mike Allen.

Why it matters: Evangelicals have expressed high levels of vaccine hesitancy.