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Photo: Mark Makela/Getty Images

Sen. Kamala Harris — who has largely held on as a top-tier polling candidate after standing out in 2020 debates — is laying off dozens of her campaign aides as her campaign manager cuts his own salary, Axios has confirmed.

The big picture, via Axios' Alexi McCammond: Harris is not the only candidate facing a cash crunch with more staffers than she can probably afford, but these layoffs are not a good sign for someone polling in the top five.

  • Harris and others in this position ultimately face two choices: drop out or fire staff to reallocate money and keep running.

By the numbers: Harris raised $11.8 million in Q3, per her FEC filing, and finished with $10.5 million cash on hand. She spent $14.5 million — more than what she got. Former Vice President Joe Biden also spent more than he raised in Q3.

What they're saying: “From the beginning of this campaign, Kamala Harris and this team set out with one goal — to win the nomination and defeat Donald Trump in 2020. This requires us to make difficult strategic decisions and make clear priorities, not threaten to drop out or deploy gimmicks,” Harris' campaign manager Juan Rodriguez wrote in a memo obtained by Axios.

Go deeper: 2020 candidates' Q3 fundraising hauls

Go deeper

Fed: Rate hikes "will soon be appropriate"

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

Federal Reserve officials expect "it will soon be appropriate" to raise the central bank's main target interest rate, setting the stage for a rate hike at its next meeting in mid-March.

Driving the news: In a statement following a two-day meeting published Wednesday afternoon, however, the policy-setting Federal Open Market Committee teed up its next move without taking new action.

How long it’s taken to confirm Supreme Court justices

Expand chart
Data: Axios research, U.S. Supreme Court, Supreme Court Historical Society; Chart: Jacque Schrag/Axios

It takes a U.S. president an average of 70 days from the date a Supreme Court seat is vacated to nominate a replacement, according to data from the Supreme Court Historical Society.

Why it matters: With news outlets reporting liberal Supreme Court Justice Stephen Breyer's plans to retire, Democrats will be looking to confirm President Biden's nominee with enough time to refocus the national political debate ahead of the midterms.

Updated 58 mins ago - Science

Blizzard likely to hit New England this weekend as "bomb cyclone" forms

Computer model projection of the precipitation and wind field from the weekend storm in the Northeast. (Earth.nullschool.net)

A powerful blizzard is likely to strike parts of New England and the Mid-Atlantic beginning Friday and lasting into the weekend, with snow totals that are likely to be measured in feet.

The big picture: The joining of weather systems embedded in both the polar, or northern branch, of the jet stream and the southern branch is projected to create a bomb cyclone. Such storms undergo a process known as bombogenesis, with their minimum central air pressure readings plunging at least 24 millibars in 24 hours.