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Tom Steyer. Photo: Josh Edelson/AFP/Getty Images

Billionaire Tom Steyer ended his 2020 presidential campaign on Saturday after struggling to gain traction in early state primaries, including a third-place South Carolina finish that isn't expected to earn delegates.

The big picture: Steyer, a late entrant to the race, vowed to spend $100 million of his own money on the campaign — a move that upset some grassroots Democrats.

  • He qualified for the October, November and December debates, but failed to land a spot for January's round, making a comeback in the first February debate.
  • But Steyer's campaign came with some baggage. Though he's dedicated his recent efforts to addressing climate change and he sold his holdings in companies that generate fossil fuels, the billionaire bankrolled numerous projects that will continue to emit carbon into the foreseeable future.
  • Steyer and former New York City Mayor Michael Bloomberg, a fellow billionaire, have spent a combined $409 million on TV ads as of Feb. 13.

Go deeper: 2020 presidential election: Track which candidates are running

Go deeper

Dave Lawler, author of World
4 mins ago - World

What has and hasn't changed as Biden takes over U.S. foreign policy

Photo Illustration: Brendan Lynch/Axios. Photo: Chip Somodevilla/Getty Images

President Biden swiftly recommitted the U.S. to the Paris climate pact and the World Health Organization, but America's broader foreign policy is in a state of flux between the Trump and Biden eras.

Driving the news: One of the most striking moves from the Biden administration thus far was a show of continuity — concurring with the Trump administration's last-minute determination that China had committed "genocide" against Uyghur Muslims.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: New coronavirus cases down, but more bad news ahead — Fighting COVID-19's effects on gender equality.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: NYC postpones vaccine appointments following shipment delays — Private companies step in to fill vaccine logistics vacuum.
  4. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
Updated 2 hours ago - Politics & Policy

Congress grants waiver for retired Gen. Lloyd Austin to lead Pentagon

Defense Secretary nominee Lloyd Austin. Photo: Chip Somodevilla/Getty Images

Both chambers of Congress on Thursday voted to grant retired Gen. Lloyd Austin a waiver to lead the Pentagon, clearing the path to confirmation for President Biden's nominee for defense secretary.

Why it matters: Austin's nomination received pushback from some lawmakers, including Democrats, who cited a law that requires officers be out of the military for at least seven years before taking the job — a statute intended to reinforce the tradition of civilian control of the Pentagon.