At around 9 a.m. on Saturday morning, Tom Steyer, the billionaire hedge fund manager, climate activist, and onetime presidential candidate, slipped into a room in the recently-rebranded five-star Salamander Hotel. Steyer was one of 120 or so Democratic bundlers and mega-donors who had come to Washington to meet Joe Biden’s re-election team and hear his most senior advisors—Jen O’Malley Dillon, Steve Ricchetti, Mike Donilon, Emmy Ruiz, Julie Chávez Rodriguez, and Ron Klain, among others—lay out their plan for victory. It was an amusingly understated atmosphere in a hotel basement ballroom, especially considering that the presentation was limited to people who raised or donated $1 million to support Biden’s campaign last time around. But attendees got a boxed Biden-Harris mug, some pasta, some KIND bars, and plenty of access.