Jun 5, 2019

Terry McAuliffe eyes another run for Virginia governor

McAuliffe speaks during the North American Building Trades Unions Conference on April 10, 2019 in Washington, DC. Photo: Zach Gibson/Getty Images

Former Virginia Gov. Terry McAuliffe, who was popular when he left office last year, is hinting to Democrats that he may run for governor again in 2021.

Why it matters: McAuliffe, who bowed out of the 2020 presidential race, could help his party recover from the chain of scandals that began with the racist yearbook photo of McAuliffe's successor, current Gov. Ralph Northam (D).

  • A quirk of Virginia law lets a governor serve only one term in a row, but non-consecutive terms are allowed. So McAuliffe is free to run again.

Where it stands: McAuliffe, 62, a former DNC chair, told me that Democrats should focus on this November, when all 140 of the Old Dominion's legislative seats are on the ballot, and control of both chambers is up for grabs: "It's all about '19."

  • But he certainly didn't rule out another run: "I love being governor. There is not a better job in the world. Really, you can get out of bed and help people every single day."

U.Va.'s Larry Sabato told me McAuliffe has "told or hinted his second-term plans to anyone who’d listen."

  • "Rank-and-file Democrats seem to be welcoming the idea."

Go deeper: Gov. Ralph Northam calls for special legislative session on gun control

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Biden rolls out new policies in effort to court Sanders supporters

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The Biden campaign announced two new policies on Thursday on health care and student debt that are squarely aimed at appealing to supporters of Bernie Sanders, who ended his campaign for the Democratic nomination on Wednesday.

Why it matters: The policies don't go as far as Sanders' platform, but they signal that Biden is serious about incorporating elements of his former rival's agenda in an effort to help unify the Democratic Party and defeat President Trump in the general election.

Reports: Saudi Arabia and Russia reach major deal to cut oil production

Photo: Joe Klamar/AFP via Getty Images

OPEC+, led by mega-producers Saudi Arabia and Russia, reached a tentative agreement Thursday to impose large cuts in oil production as the coronavirus pandemic fuels an unprecedented collapse in demand, per Bloomberg and Reuters.

Why it matters: The revival of the OPEC+ collaboration patches up the early March rupture between the countries, which had pushed already depressed prices down much further by threatening to unleash even more new supplies into the saturated market.