Mar 31, 2019

Warren finance director resigned over disavowal of big-money donors

Sen. Elizabeth Warren at a campaign rally at the University of Iowa last month. Photo: Scott Olson/Getty Images

The finance director for Elizabeth Warren's 2020 presidential campaign resigned after an internal clash over the candidate’s decision last month not to host big-money fundraisers or solicit donations from wealthy donors, the New York Times reports.

The big picture: Though it's unclear when exactly finance director Michael Pratt resigned, news of his departure comes just ahead of Sunday's first-quarter fundraising deadline. The Times reports that Warren is lagging behind her competitors and has struggled to raise campaign dollars, even as she leads the Democratic field in putting forth bold new policy proposals. Warren has reportedly transferred $10 million from her Senate campaign account.

Details: Pratt resigned after a Valentine's Day meeting in Washington that "grew heated," in which he argued that cutting off the “significant cash stream” would put the campaign at risk of collapsing, per the Times.

  • "He pointed out that winning over wealthy fund-raisers across the country helped build networks that could translate into political support, not just checks. But Mr. Pratt lost the argument to two of Ms. Warren’s closest advisers, Dan Geldon and Joe Rospars, who made the case about standing apart from the field and freeing up her schedule," the Times reports.

Go deeper: Elizabeth Warren's slow start

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.