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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

It's still Trump's party

Data: Axios research, ProPublica. (Non-voting members excluded). Graphic: Michelle McGhee and Sara Wise/Axios

He lied about the election being fixed. He incited an attack that left five dead at the U.S Capitol. He got impeached. Twice. But polling indicates Republicans still have his back — and views — by vast majorities.

Why it matters: Anyone who thinks Trump is a politically dead man walking appears pointedly dead wrong.

Jan 15, 2021 - Politics & Policy

⏱️ Impeachment tick-tock

Chief Justice John Roberts swears in senators for President Trump's first impeachment. Photo: Senate Television via Getty Images

Here’s your guide to President Trump’s second impeachment trial. Remember, his first began almost exactly a year ago, on Jan. 16, 2020.

The state of play: Assuming the House sends the article of impeachment to the Senate on or before Jan. 19 (the day the Senate returns from recess):

Jan 15, 2021 - Politics & Policy

Democrats call on Schumer for speedy Trump impeachment trial

Incoming Senate Majority Leader Chuck Schumer. Photo: Alex Wong/Getty Images

Democrats are in a dilemma of their own making, and now they want incoming Senate Majority Leader Chuck Schumer to wrap up President Trump's impeachment trial as fast as possible, two sources familiar with the discussions tell Axios.

Why it matters: The party wanted to hold the president accountable for helping incite last week's Capitol attack but the actual mechanism for doing so — a Senate trial — is a balky tool that will inhibit President-elect Joe Biden from launching his effort to heal the country and its economy.