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Tom Steyer defended his billionaire status at the 5th Democratic debate Wednesday following months of attacks over using wealth to bankroll his campaign.

THE WASHINGTON POST'S ASHLEY PARKER: "You have spent over $300 million of your own money in support of your political goals. How do you respond to critics who see you as the embodiment of a special interest?"

STEYER: "What I've done over the last decade, is to put together coalitions of ordinary Americans to take on unchecked corporate power... Over the last decade, with the help of the American people, we have taken on and beaten the oil companies. We have taken on and beaten the tobacco companies. We have taken on and beaten utilities."

The big picture: Much of the 2020 Democratic field is rejecting large-dollar donations and focusing on grassroots fundraising. Steyer, who's vowed to use $100 million of his own money in the race, has faced accusations of buying his way to success. He launched his campaign in July.

  • Billionaires are facing increasing backlash from Democrats. Both Steyer and former New York Mayor Michael Bloomberg, who is also a billionaire and is expected to make a decision this week on whether he'll enter the Democratic race, have felt some of the heat.

Go deeper:

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The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.