Tom Steyer. Photo: Cheriss May/NurPhoto via Getty Images

Tom Steyer plans to invest at least $110 million in the 2018 midterms, per Politico's Edward Isaac-Dovere.

Why it matters: Steyer is creating a robust political operation that not only rivals the conservative Koch Network, but that makes him the biggest individual source of money and resources for Democrats.

The different groups through which Steyer will invest in the midterms include Need to Impeach, NextGen America (which focuses on youth voter engagement), and For Our Future PAC, which works with local groups and communities ahead of elections.

  • Politico reports Steyer will have 2,000 volunteers and 1,000 staff members across the network.
  • The money will primarily go toward House races, but will be spent on everything from mobilizing voters to TV advertisements.

One problem: Democratic leadership is often at odds with Steyer because they don't think calling for impeachment will help them win in November.

Go deeper

Joe Biden introduces Kamala Harris in first joint appearance

Joe Biden formally introduced Sen. Kamala Harris as his running mate on Wednesday, telling a socially-distanced gymnasium in Wilmington, Del.: "I have no doubt that I picked the right person to join me as the next vice president of the United States of America."

Why it matters: Harris is a historic pick for vice president, becoming the first Black woman and first South Asian woman to be named to a major-party U.S. presidential ticket. "Kamala knows how to govern," Biden said. "She knows how to make the hard calls. She is ready to do this job on day one."

Updated 54 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 20,439,274 — Total deaths: 744,941— Total recoveries: 12,632,604Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,180,226 — Total deaths: 165,510 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Politics: Pelosi says Mnuchin called her, White House is "not budging" on stimulus position.
  4. Business: U.S. already feeling effects of ending unemployment benefits.
  5. Public health: America is flying blind on its coronavirus response.
  6. Education: New Jersey governor allows schools to reopenGallup: America's confidence in public school system jumps to highest level since 2004.
Updated 2 hours ago - Politics & Policy

Pelosi says Mnuchin told her White House is "not budging" on stimulus position

Democrats and the Trump administration remain "miles apart" on negotiations over a coronavirus stimulus deal, House Speaker Nancy Pelosi (D-Calif.) said on Wednesday.

The latest: Around 3 p.m., Pelosi and Senate Minority Leader Chuck Schumer (D-N.Y.) issued a statement saying that Treasury Secretary Steven Mnuchin had initiated a phone call and made clear that the White House is "not budging from their position concerning the size and scope of a legislative package."