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Photo: Eric Risberg/AP

Mike Bloomberg will donate $10 million this week "to defend vulnerable Democratic House members against paid Republican attacks on their support for impeachment proceedings" in 2020, the Washington Post reports.

Why it matters: We're told Bloomberg sees House Democrats as a counterweight to President Trump — the reason he was the biggest outside individual spender on Democrats during the 2018 midterms.

  • Bloomberg is also giving $5 million to Stacey Abrams' voter-protection efforts.

Between the lines: The most likely path for Bloomberg depends on a brokered convention, where superdelegates — political insiders — would be vital.

  • So it's smart of him to use his biggest advantage — unlimited wealth — to curry favor with elected officials.
  • And his spending on state and local caucuses gives his presidential candidacy a rationale beyond himself.

Go deeper:

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Biden signs racial equity executive orders

Joe Biden prays at Grace Lutheran Church in Kenosha, Wisconsin, on September 3, 2020, in the aftermath of the police shooting of Jacob Blake. PHOTO: Jim Watson/AFP via Getty Images

President Joe Biden on Tuesday signed executive orders on housing and ending the Justice Department's use of private prisons as part of what the White House is calling his “racial equity agenda.”

The big picture: Biden needs the support of Congress to push through police reform or new voting rights legislation. The executive orders serve as his down payment to immediately address systemic racism while he focuses on the pandemic.

Senate confirms Antony Blinken as secretary of state

Antony Blinken. Photo: Alex Edelman/Pool/AFP via Getty Images

The Senate voted 78-22 on Tuesday to confirm Antony Blinken as secretary of state.

Why it matters: Blinken, a longtime adviser to President Biden, will lead the administration's diplomatic efforts to re-engage with the world after four years of former President Trump's "America first" policy.

2 hours ago - World

Former Google CEO and others call for U.S.-China tech "bifurcation"

Illustration: Aïda Amer/Axios

A new set of proposals by a group of influential D.C. insiders and tech industry practitioners calling for a degree of "bifurcation" in the U.S. and Chinese tech sectors is circulating in the Biden administration. Axios has obtained a copy.

Why it matters: The idea of "decoupling" certain sectors of the U.S. and Chinese economies felt radical three years ago, when Trump's trade war brought the term into common parlance. But now the strategy has growing bipartisan and even industry support.