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PRESENTED BY
THE TOP
Happy Friday morning. There are 11 days until Election Day.
We wanted to focus today on House Democratic Caucus Chair Hakeem Jeffries and his quest to become the next Democratic leader.
We can’t write about House Democrats without this disclaimer: Speaker Nancy Pelosi, 82, hasn’t said whether she will be retiring after this Congress. Pelosi and her staff say she’s on a mission not a shift. Got that?
We also can’t discuss who will be the next House Democratic leader without mentioning that Steny Hoyer, 83, has been the loyal No. 2 to Pelosi for 20 years. Hoyer has made abundantly clear that he isn’t abiding by Pelosi’s timeline to leave Congress – whatever that is. We’ll look at Hoyer’s future in more detail next week. House Majority Whip Jim Clyburn, 82, is the No. 3 Democrat. He also hasn’t announced whether he’ll stay in Congress or in leadership should his party lose control of the chamber.
These caveats should keep everyone in the leadership calm. We aren’t accepting complaints this morning, guys.
Jeffries, 52, is the No. 5 House Democrat. He represents an overwhelmingly Democratic district in Brooklyn that President Joe Biden won by 53 points. Jeffries has a master’s degree in public policy from Georgetown University and a law degree from NYU. He served six years in the New York State Assembly before being elected to Congress in 2012.
Strengths
There are a few undeniable facts about the House Democratic Caucus. One of them is that the membership is yearning for fresh faces in the upper ranks. Jeffries is as fresh as they come. He’s 30 years younger than Pelosi, Hoyer or Clyburn. And with that in mind, he’s among the best positioned to make a run at the top spot should Democrats lose the House.
As we’ve emphasized in examining the Republican candidates for leadership, one of the keys in getting the top jobs is having a base of support from which to draw. Jeffries has that. The Congressional Black Caucus is the most powerful bloc in the House Democratic Caucus with more than 50 votes. If they back Jeffries – a former CBC whip – he should have the inside track for the top Democratic post.
Should the New York Democrat become minority leader, it’s as historic as Pelosi taking the top slot. No person of color has ever been head of any party caucus in the House or Senate. Don’t underestimate the appeal of this in a caucus looking for change.
Jeffries is also a favorite of newly elected Democrats. He understands where they’re coming from and has bolstered relationships through his work as Democratic Caucus chair. This is something several veteran members privately said Jeffries needed to work on when he took over the position four years ago.
As a legislator, Jeffries has some key wins. He’s backed bipartisan legislation in criminal justice reform, as well as efforts to reduce disparities in sentences for drug crimes. Jeffries has pushed legislation tailored at communities in his diverse districts, as well as seeking billions of dollars in support for the New York City bus and subway systems during the pandemic.
Weaknesses
House Democrats have been led by the same two members – Pelosi and Hoyer – for the last 20 years. Clyburn has been the No. 3 Democrat for more than 15 years. Most House Democrats have never served under another leadership team. There’s a wing of the caucus that’s hesitant to move ahead with a wholesale leadership change and put new lawmakers in charge. This argument could grow louder if Democrats lose the House by only a handful of votes, with a real chance at taking back the majority in 2024.
We also hear grumbling from members about Jeffries being from New York. With Senate Majority Leader Chuck Schumer hailing from the Empire State as well, some Democrats have said they want to see more geographic diversity in their leadership.
And finally, there’s a question of whether Jeffries has the full infrastructure — whip team and staff — in place to successfully run a leadership race. Jeffries’ supporters insist he does, and they don’t need to talk about it publicly. Team Jeffries also tells us their focus right now is on holding the House and helping Democrats win seats in New York.
But there have been questions about Jeffries’ preparedness to win a race from some Democratic lawmakers and aides in recent weeks, as Rep. Adam Schiff (D-Calif.) has been much more public about his potential leadership plans.
Also, consider this question: With a Democrat in the White House, Jeffries will be forced to work with Republicans such as House Minority Leader Kevin McCarthy to fund the government, lift the debt limit and execute on other legislative priorities. Who is better equipped to do that, Jeffries or Hoyer? Or someone else?
Opportunities
Jeffries is term-limited in his caucus chair position, so he, more than other senior House Democrats, could feel pressure to push for another leadership position. He’s long been deemed the Pelosi successor in the eyes of many in the caucus and oftentimes, perception is reality.
In many ways, Jeffries has proven himself already. With his weekly press conference as caucus chair, Jeffries has shown other Democrats he can stay on message and still offer forceful criticisms of former President Donald Trump and Republicans. Jeffries has also shown he isn’t afraid to spar publicly with McCarthy, likely the next speaker if Republicans take back the House.
Threats
Hoyer, as we mentioned above, is in no hurry to vacate his leadership post and has long wished for the top job. The Maryland Democrat could pitch himself as a “bridge” to the next generation – a steady hand who won’t lead the caucus forever but can oversee the transition to a new crop of leaders.
Clyburn hasn’t revealed his post-election plans and we still don’t know what he’ll do if Democrats lose their majority. The South Carolina Democrat could run for the top leadership spot if Pelosi leaves – or he could be happy to serve in some sort of “emeritus” role, according to multiple lawmakers. If Clyburn runs for leader, it’s unclear if Jeffries would also run. The CBC will want to unite around one candidate – and Jeffries challenging Clyburn, the most prominent Black lawmaker, could backfire.
Then there’s Schiff. As we reported Thursday, Schiff still hasn’t made a decision about whether to run for leadership. But if he does, Schiff has made clear he would seek the top post in a post-Pelosi world, putting him in a head-to-head match with Jeffries.
By the numbers
→ | Jeffries has given $1.35 million to the DCCC. |
→ | Jeffries has a new letter asking for lawmakers to step up their dues. Hoyer and Pelosi have done this, as well. In the letter, Jeffries says he’s “contributed another $250,000 to the DCCC, bringing my total to $1,350,000 for the cycle – $775,000 over my dues goal.” |
→ | Jeffries will spend the homestretch of the campaign in Oregon, Nevada and New York. This follows recent campaign stops in Virginia, New Hampshire, New Jersey, Colorado and Indiana to stump for House Democratic incumbents and candidates. |
– Jake Sherman and Heather Caygle
PRESENTED BY META
Future surgeons will get hands-on practice in the metaverse.
Surgeons will engage in countless hours of additional low-risk practice in the metaverse.
The impact: patients undergoing complex care will know their doctors are as prepared as possible.
The metaverse may be virtual, but the impact will be real.
TWITTER SPACES
Join us on Twitter today at 2 p.m. ET as Heather and Max discuss The Power Matrix, our rundown of who’s up and who’s down in D.C. this week. Set a reminder here!
THE MONEY GAME
Who is chipping in late for the battle for Congress?
Campaigns and PACs have to file “pre-election” reports, detailing who they got money from late in the campaign. Here are some interesting numbers and donors.
→ | The Congressional Leadership Fund, the House GOP-linked super PAC, raised $23 million between Oct. 1 and Oct. 19. GOP mega donor Timothy Mellon gave $5 million. Billionaire Thomas Peterffy gave $5 million too. Charles Schwab gave $2 million. In-n-Out Burger, the California-based fast-food chain, donated $750,000. |
Crazy statistic: CLF has spent more this cycle than the DCCC and House Majority PAC combined.
→ | House Majority PAC, the House Democratic-aligned super PAC, raised $22 million. They got $7 million from Fred Eychaner, the Chicago billionaire. Former NYC mayor and billionaire business exec Michael Bloomberg gave $1 million. The Congressional Black Caucus PAC gave $875,000. James Simons, the billionaire hedge funder, donated $2.5 million. |
→ | Senate Leadership Fund, the Senate GOP super PAC, raised $25 million. Paul Singer, the hedge fund billionaire, gave $3 million. Blackstone CEO Stephen Schwarzman gave $2 million. Schwab gave $3 million. |
→ | Senate Majority PAC, the Senate Democratic super PAC, raised $49 million, although $20 million of that was a transfer from Majority Forward, the affiliated non-profit. Eychaner gave $8 million. Chamath Palihapitiya, the prominent venture capitalist, gave $1 million, as did Reed Hastings, the CEO of Netflix. Steven Spielberg gave $500,000. |
– Jake Sherman
LEADER LOOK
Hudson’s case for NRCC chair
Rep. Richard Hudson (R-N.C.) has done a lot of jobs at the NRCC. Now he wants the top spot.
The 50-year-old Hudson has been an aide to four GOP lawmakers, and he’s overseen campaigns for himself and others during the last two decades. He’s won in safe districts and toss-up districts, giving him a perspective that’s hard to match.
“I’ve actually been a campaign manager. I’ve run races for Congress, I’ve run statewide races. So I know the nuts and bolts of how to put a campaign together,” Hudson told us in an interview.
Hudson is facing off for the NRCC post against Rep. Darin LaHood (R-Ill.). We profiled LaHood yesterday.
Hudson, now in his fifth term, is considered the strong favorite in this contest, according to GOP members and aides, although both he and LaHood emphasized they have nothing but respect for each other.
“I’m not really comfortable talking about [LaHood] in a negative way. He’s a good guy, he and I are friends,” Hudson said:
“I just think if you look at my experience, look at my record, the fact that I’ve been a deputy whip since I was a freshman, 10 years in leadership, I’ve been on the Steering Committee since I was a freshman. So I’ve been in the room when we’ve had tough discussions and tough decisions to make.”
Hudson has served as a vice chair for the NRCC during the last four Congresses, overseeing at different points the Recruitment, Finance and Patriot programs. As Finance Committee chair during 2020, Hudson helped the NRCC raise $281 million for the cycle, a then record.
“I think I have a strong understanding of how the building works,” Hudson noted. “I didn’t start being a team player two years ago because I wanted this job. I’ve been a team player for 10 years.”
During this cycle, Hudson has raked in better than $3.4 million for his campaign and leadership PAC, First in Freedom PAC. His Democratic opponent, N.C. State Sen. Ben Clark, has raised only a fraction of that total, and Hudson is expected to cruise to reelection next month.
Hudson has given more than $1 million to the NRCC. He’s also raised and donated $1.5 million-plus to more than 100 members and candidates. Hudson has held events for 41 candidates from 22 states.
In addition, Hudson has traveled extensively this cycle on behalf of Republicans hopefuls, hitting eight states in October alone.
We asked Hudson about what it would mean to chair the NRCC during the 2024 cycle, with a presidential election dominating the political discussion and focus for donors.
“It does bring challenges, but it also brings a lot of opportunities. You have the ability to fundraise with a [presidential] nominee, and that’s helpful.
“I think the biggest challenge is our nominee, whoever it’s going to be, is really going to drive the agenda… I think we’re going to pick up a lot of seats this time, and some of them are going to be in areas that aren’t super ruby red. So helping our candidates establish their own identities, establish their own campaign themes when all the attention and all the media is going to be on the presidential, is always a challenge.”
With House Republicans likely to win a majority on Election Day, Hudson acknowledged it will be a different approach next cycle.
“Most of our money this cycle is on offense. I believe we’re going to be successful, and if we are, then probably the majority of our money [in 2024] we’ll be defending that. It’s a different dynamic.”
– John Bresnahan
PUNCHBOWL NEWS EVENTS
What French Hill told us
Missed our conversation with Rep. French Hill (R-Ark.) yesterday? Catch up on the interview here.
PRESENTED BY META
THE CAMPAIGN
→ | We have a quartet of new Democratic ads for you from some of the tightest House races in the country. |
In the home stretch, Democrats are positioning themselves as populists who are distinct from their party and framing Republicans as entitlement-slashing elitists.
First, Rep. Dan Kildee (D-Mich.) is airing an ad focusing on how he has stood up to the Democratic Party. This gives you a sense of how popular the Democratic brand is less than two weeks before Election Day.
The DCCC is running an ad backing Rep. Matt Cartwright (D-Pa.) that accuses his GOP opponent of “gutting Social Security and Medicare.” Cartwright represents a district former President Donald Trump won in 2020,
And in Pennsylvania’s toss-up 17th District, Democratic candidate Chris Deluzio is labeling his Republican opponent a champion for “corporate jagoffs.”
The DCCC is supporting Democrat Emilia Sykes, who’s looking to succeed Rep. Tim Ryan (D-Ohio), with an attack on Republican Madison Gesiotto Gilbert. The spot hits Gesiotto Gilbert as an “ultra-wealthy” “elitist” who wants to cut taxes for the rich and “help politicians slash Medicare and Social Security.”
— Max Cohen
FRONTS
PRESENTED BY META
MOMENTS
5:30 p.m.: President Joe Biden will leave Delaware for Philadelphia.
7 p.m.: Biden and Vice President Kamala Harris will speak at a fundraiser for the Pennsylvania Democratic Party at the Philadelphia Convention Center.
8:40 p.m.: Biden will head back to Delaware, where he will be for the weekend.
This weekend: Biden will vote in Wilmington Saturday with his granddaughter Natalie, who is voting for the first time.
CLIP FILE
NYT
→ | “Appeals Court Upholds House’s Effort to See Trump’s Tax Returns,” by Charlie Savage |
→ | “As Governor’s Race Tightens, a Frantic Call to Action Among Democrats,” by Luis Ferré-Sadurní and Nicholas Fandos |
WaPo
→ | “Russia’s security service works to subvert Moldova’s pro-Western government,” by Catherine Belton in Chisinau, Moldova |
WSJ
→ | “Russia Says It Could Target U.S. Commercial Satellites in Ukraine War,” by Ann M. Simmons and Micah Maidenberg in Moscow |
→ | “U.S. Mortgage Rates Top 7%, Highest in More Than 20 Years,” by Ben Eisen |
Bloomberg
→ | “In Final Weeks, Trump Opens War Chest to Help GOP Senate Candidates,” by Bill Allison |
→ | “Musk Is Said to Take Twitter CEO Role, Reverse Life Bans,” by Katie Roof, Ed Hammond, and Kurt Wagner |
AP
→ | “Barack Obama gets a midterm do-over to help boost Democrats,” by Bill Barrow in Atlanta |
Philadelphia Inquirer
→ | “NJ Rep. Andy Kim has to beat an ex-punk rocker turned yacht dealer to serve another term,” by Amy S. Roseberg |
PRESENTED BY META
Students will be able to explore outer space in the metaverse.
With the metaverse, students in a classroom will be able to travel to the depths of our galaxy, helping them get up close to the planets and gain a deeper understanding of how our solar system works.
The metaverse may be virtual, but the impact will be real.
Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.
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Visit the archiveAt Wells Fargo, we cover more rural markets than many large banks, and nearly 30% of our branches are in low- or moderate-income census tracts. What we say, we do. See how.