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Photo: Ethan Miller/Getty Images

Billionaire and 2020 Democratic candidate Tom Steyer's campaign said Thursday that it raised more than $2 million in the 3rd quarter.

The big picture: Steyer vowed upon launch to spend $100 million of his own money, largely accumulated during his time as a hedge fund manager. Thus far, he's focused his campaign's spending in the early states, running ads that have helped boost his polling numbers just high enough to qualify for the October and November debates.

  • Steyer has received some pushback for funneling his own wealth into the race at a time where several competitors are vowing to only take grassroots donations.

By the numbers: Here's how Steyer stacks up among the other Democratic candidates who have reported their Q3 fundraising totals.

  1. Sen. Bernie Sanders: $25.3M
  2. Sen. Elizabeth Warren: $24.6M
  3. Mayor Pete Buttigieg: $19.1M
  4. Former Vice President Joe Biden: $15.2M
  5. Sen. Kamala Harris: $11.6M
  6. Andrew Yang: $10M
  7. Sen. Cory Booker: $6M
  8. Sen. Amy Klobuchar: $4.8M
  9. Marianne Williamson: $3M
  10. Gov. Steve Bullock: $2.3M
  11. Sen. Michael Bennet: $2.1M
  12. Tom Steyer: $2M

Go deeper: Tom Steyer on the issues, in under 500 words

Go deeper

Dan Primack, author of Pro Rata
4 mins ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

50 mins ago - World

Scoop: Blinken protests Israel settlements approval in "tense" phone call

Benny Gantz (L) and Tony Blinken. Photo: Jacquelyn Martin/Pool/AFP via Getty

Secretary of State Tony Blinken protested the decision to approve 3,000 new housing units in Israeli settlements in the occupied West Bank during a tense phone call on Tuesday with Israeli Defense Minister Benny Gantz, three Israeli officials tell me.

Why it matters: This is the first time new construction in the settlements has been approved since President Biden assumed office, and the Biden administration had been privately pressing the Israeli government not to proceed.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.