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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

Go deeper

FTC releases findings on how Big Tech eats little tech

Photo illustration: Sarah Grillo/Axios. Photo: An Rong Xu/Washington Post via Getty Images

Federal Trade Commission chair Lina Khan signaled changes are on the way in how the agency scrutinizes acquisitions after revealing the results of a study of a decade's worth of Big Tech company deals that weren't reported to the agency.

Why it matters: Tech's business ecosystem is built on giant companies buying up small startups, but the message from the antitrust agency this week could chill mergers and acquisitions in the sector.

First look: Biden's economic case for green cards

Photo: Win McNamee/Getty Images

The White House Council of Economic Advisors (CEA) is promoting the economic benefits and costs of providing green cards to millions of unauthorized immigrants in a blogpost being released on Friday, according to a draft provided to Axios.

Why it matters: The post comes as the fate of millions of immigrants, including those with Temporary Protected Status or DACA protections, rests with Congress — and the Senate parliamentarian.

Ina Fried, author of Login
1 hour ago - Technology
Column / Signal Boost

Facebook's social balance is in the red

Illustration: Megan Robinson/Axios

Facebook is essential to our lives. Facebook is ruining our lives. Holding both these truths at once will make your head hurt.

While covering the Olympics in Tokyo, I spent a ton of time on Facebook. Each day, during several hourlong bus rides, I would see who was online in Messenger and share photos and stories there with family and friends. I also posted frequently on my news feed.

You’ve caught up. Now what?

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