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Photo: Ethan Miller/Getty Images

Rep. Tony Cárdenas (D-Calif.) is running for chair of the Democratic Congressional Campaign Committee (DCCC), as Democrats look for new leadership after failing to expand their House majority in last week's election, according to a source familiar.

Why it matters: Cardenas' consideration for this leadership post reflects a recognition among Democrats that they need to shore up their support with Hispanic voters and better understand the nuances of the Latino community to improve their electoral prospects.

Driving the news: Rep. Cheri Bustos (D-Ill.) announced Monday she will not seek re-election for DCCC chair, after narrowly eking out a win in her own re-election race, Politico first reported.

  • Cardenas is the chair of the Congressional Hispanic Caucus' BOLD PAC, which supports Hispanic Democratic candidates down-ballot.
  • Trump won 28% of the Latino vote in 2016, and increased his standing to roughly 32% in 2020.
  • He increased his support with Latino voters in Texas, south Florida, and areas across California, Arizona, Colorado, North Carolina, Wisconsin and Nevada, per The Atlantic.

What they're saying: In a letter to his colleagues making the case for serving as DCCC chair, Cardenas specifically highlighted "Black and Brown communities showing up at the polls in states like Arizona, Michigan, Nevada, Georgia, Wisconsin, and Pennsylvania."

  • "However, the night was not without some immense disappointments and I feel an unshakeable sense of loss and frustration for all our colleagues that will not be returning in the new Congress," he continued.

What to watch: Other Democrats are expected to announce their intention to run for the position as well, including Rep. Sean Patrick Maloney (D-N.Y.), according to a source familiar.

Go deeper

The Mischief Makers

Illustration: Sarah Grillo/Axios

Several Republican and Democratic lawmakers are emerging as troublemakers within their parties and political thorns for their leadership.

Why it matters: We're calling this group "The Mischief Makers" — members who threaten to upend party unity — the theme eclipsing Washington at the moment — and potentially jeopardize the Democrats' or Republicans' position heading into the 2022 midterms.

Mitt Romney calls Ray Dalio's China investments a "sad moral lapse"

Sen. Mitt Romney walks to a Senate Republican caucus meeting at the Capitol on Oct. 7. Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Mitt Romney (R-Utah) on Thursday criticized billionaire Ray Dalio's investments in China, writing in a tweet that "his feigned ignorance of China's horrific abuses and rationalization of complicit investments there is a sad moral lapse."

Driving the news: Romney's comments come after Dalio's firm, Bridgewater Associates, the largest hedge fund in the world, raised $1.3 billion in November for a new private fund in China, Bloomberg reports.

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Aïda Amer/Axios

  1. Health: First known U.S. case of Omicron variant identified in California — America probably won't lead the effort to understand Omicron — CDC prepares tougher testing rules for international travelers.
  2. Politics: Omicron travel bans are sign of what's to come — Meta removes accounts linked to COVID disinformation effort by China.
  3. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  4. World: Germany approves new restrictions for unvaccinated people — Omicron variant detected in more countriesWHO advises people 60 or older to postpone travel due to Omicron
  5. Variant tracker: Where different strains are spreading.