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Photo: Scott Olson/Getty Images

South Bend Mayor Pete Buttigieg announced in an email on Friday that the campaign will no longer accept contributions from federal lobbyists, and plans to return $30,250 to those who have already donated.

The big picture: The decision comes 1 day after former Vice President Joe Biden announced his presidential candidacy at the home of a Comcast executive, per Politico. Buttigieg recently found himself in the hot seat, per the Huffington Post, for being the only high-profile Democratic candidate to actively accept money from powerful Washington lobbyists.

Other Democratic candidates have sworn off donations from lobbyists and PACs, including Sen. Elizabeth Warren (D-Mass.) who shunned "big money fundraisers" and is pushing for a grassroots donations movement. Sen. Bernie Sanders (I-Vt.) also issued an announcement on Thursday taking a stand against special-interest fundraising.

Some 2020 Democratic contenders have been hush-hush on fundraising details against the backdrop of an intra-party debate over the role of big money in politics. Already, Buttigieg's campaign raised more than $7 million in Q1 of 2019, according to FEC filings.

Buttigieg's campaign will not:

  • allow lobbyists to serve as bundlers for the campaign.
  • accept money from corporate PACs.
  • accept contributions from fossil fuel firms.

Spokesperson Chris Meagher added on Friday that Steve Elmendorf — a lobbyist with clients such as Amazon and Facebook — will step down as a fundraiser for the Buttigieg campaign, per the AP.

Go deeper: Pete Buttigieg: Everything you need to know about the 2020 candidate

Go deeper

3 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
8 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.