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Data: FEC; Chart: Andrew Witherspoon/Axios

The most shocking pre-election result neither side can dispute is in: Democrats are destroying Republicans in truly historic ways in fundraising. 

Why it matters: Money can’t buy elections, but it sure helps. And Joe Biden and a half dozen Senate Democratic candidates are bathing in cash, often with 2x or 3x advantages over their opponents. 

  • A top Republican insider told me: "Fundraising is a barometer of voter support and intensity. Pretty clear from these numbers who has more support and enthusiasm."

Let’s go to the tape: 

  • On the air, President Trump is being "vastly outspent" by Biden, who has maintained a nearly 2-to-1 advantage for months, the N.Y. Times reports on today's front page.
  • Joe Biden and the DNC raised $383 million in September, compared to $248 million for Trump and the RNC. Biden's campaign had $432 million in cash on hand, to $251 million for Trump's campaign and joint committees.
  • In the top 14 Senate races, Democrats more than doubled Republicans' fundraising haul, according to a Politico tally — $363 million to $143 million, for the quarter ending Sept. 30.
  • Democratic challengers are raking in so much money that seven of the 10 most expensive Senate races ever are happening now, CNN reported from Advertising Analytics data.

Some marquee destinations for Senate cash:

  • In South Carolina, Democrat Jaime Harrison, challenging Senate Judiciary Chair Lindsey Graham, shattered Senate fundraising records with a $57 million haul for Q3. Graham raised half that — $28 million, which itself was a record for Senate Republicans.
  • Also doubling up his opponent is Montana Gov. Steve Bullock (D), who's challenging Sen. Steve Daines. Bullock set a record for the most ever raised in a quarter for a Montana U.S. Senate race ($27 million to Daines' $12 million) — beating his own record for the previous quarter, Lee Newspapers reported.
  • In Iowa, Democratic challenger Theresa Greenfield raised more money in Q3 than any previous Iowa Senate candidate in an entire election cycle, according to Iowa Starting Line. She out-raised Sen. Joni Ernst 4-to-1, according to the Center for Responsive Politics ($29 million to $7 million).
  • Democratic challengers also raised eye-popping amounts for long-shot Senate races in Kentucky, Texas and Mississippi.

Money is also trickling down to once-unthinkable Senate races — including Kansas and Alaska — forcing Republican outside groups to spend money playing defense, AP reports from Kantar/CMAG data.

Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
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Go deeper

Cook Political Report moves Texas to "toss up" in presidential race

Photo: Brendan Smialowski/AFP via Getty Images

Cook Political Report moved Texas from "lean Republican" to "toss up" for the 2020 presidential race on Wednesday.

Why it matters: Texas, which has 38 electoral votes, hasn't backed a Democrat for president since 1976. A win for Biden in the historically red state would likely be a knockout blow against Trump.

Ipsos poll: COVID trick-or-treat

Data: Axios/Ipsos poll; Note ±3.3% margin of error for the total sample size; Chart: Andrew Witherspoon/Axios

About half of Americans are worried that trick-or-treating will spread coronavirus in their communities, according to this week's installment of the Axios/Ipsos Coronavirus Index.

Why it matters: This may seem like more evidence that the pandemic is curbing our nation's cherished pastimes. But a closer look reveals something more nuanced about Americans' increased acceptance for risk around activities in which they want to participate.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.