Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Yana Paskova/Getty Images

Billionaire and former New York Mayor Mike Bloomberg officially announced on Sunday that he's running for president as a Democrat.

"I’m running for president to defeat Donald Trump and rebuild America. We cannot afford four more years of President Trump’s reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage. The stakes could not be higher. We must win this election. And we must begin rebuilding America. I believe my unique set of experiences in business, government, and philanthropy will enable me to win and lead."
— Mike Bloomberg

Why it matters: The 2020 primary field is growing at a time when it should be winnowing three months before the Iowa caucuses. A majority of Democratic voters have signaled that they’re already satisfied with the current slate of candidates, according to recent polling.

  • Historically speaking, it's also quite difficult to become the nominee when jumping in this late in the race. But Bloomberg’s entrance into reflects Democrats’ burning desire to do whatever it takes to defeat Trump.
  • A Morning Consult poll with Bloomberg in the race found that just 4% of 2,225 registered Democratic voters would pick the former mayor as their first choice to take on the president next year.

The big picture: The official announcement, which has been teased for weeks, follows reports that Bloomberg will launch a $100 million TV ad campaign in several key primary states — the single biggest ad buy in American campaign history. Bloomberg said he will not accept donations and will self-fund his campaign.

  • If the DNC keeps its individual donor requirements, this means that Bloomberg will not appear on any Democratic debate stage.
  • Bloomberg's policy strengths for the primary include his leadership on gun control and climate change. Two of his biggest challenges include building alliances with African American and female voters.

What to watch: One of Bloomberg's biggest advantages — his wealth — is also his biggest obstacle. Sens. Elizabeth Warren and Bernie Sanders will likely take aim at the new billionaire candidate, who in many ways represents the corporate culture their campaigns are taking on. 

  • Bloomberg hopes to use compressed Super Tuesday contests and divided sentiment about frontrunners to his advantage, as he’s unlikely to make much of a dent in early-voting states Iowa or New Hampshire. 

Go deeper:

Go deeper

Updated 41 mins ago - Politics & Policy

The massive early vote

Illustration: Sarah Grillo/Axios

Early voting in the 2020 election across the U.S. on Saturday had already reached 65.5% of 2016's total turnout, according to state data compiled by the U.S. Elections Project.

Why it matters: The coronavirus pandemic and its resultant social-distancing measures prompted a massive uptick in both mail-in ballots and early voting nationwide, setting up an unprecedented and potentially tumultuous count in the hours and days after the polls close on Nov. 3.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Ipsos poll: COVID trick-or-treat.
  2. World: Greece tightens coronavirus restrictions as Europe cases spike — Austria reimposes coronavirus lockdowns amid surge of infections
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Technology: Fully at-home rapid COVID test to move forward.
  5. States: New York rolls out new testing requirements for visitors.

Trump's legacy is shaped by his narrow interests

Illustration: Annelise Capossela/Axios

President Trump's policy legacy is as much defined by what he's ignored as by what he's involved himself in.

The big picture: Over the past four years, Trump has interested himself in only a slim slice of the government he leads. Outside of trade, immigration, a personal war against the "Deep State" and the hot foreign policy issue of the moment, Trump has left many of his Cabinet secretaries to work without interruption, let alone direction.