Updated Jun 14, 2018

Tom Steyer is launching a "Blue Wave" program to help Democrats

Tom Steyer is helping Democrats win House seats this cycle. Photo: Tim Mosenfelder/Getty Images

Tom Steyer is launching a "Blue Wave" program to expand NextGen America's volunteer network from 11 states to all 50 states by creating an online community to help engage voters before November.

Why it matters: For all the impeachment tension between Steyer and Washington Democrats, this is just another way he's trying to help the Democratic Party take back control of the House this year.

The details: The program will create an online community of volunteers who will work to meet NextGen America's goal of texting 7 million voters and making 500,000 calls in the group's targeted congressional districts.

  • This "distributed organizing" model is similar to what Bernie Sanders used in 2016.
  • Steyer is announcing the full details of the program on Facebook Live later this afternoon.
  • “We’re leaving no stone unturned and ensuring that every American who wants to fight back has the opportunity, resources, and training that they need to be a part of the blue wave that will take back Congress this year,” Steyer said in a statement.

Between the lines: Steyer has been traveling all over the country holding town halls, and he's collected more than 5 million signatures for his impeachment campaign. Looking ahead, his latest "Blue Wave" program isn't a bad way to test best campaign strategies for a 2020 presidential run.

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T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

Trump indulges Wall Street with Milken pardon

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Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.