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Photo: Nicholas Kamm/AFP via Getty Images

The RNC goes into the presidential election year with more than seven times as much cash on hand as the DNC — $63 million vs. $8.3 million, according to the parties' FEC filings.

Why it matters: Far from putting Republicans back on their heels, impeachment is energizing Trump's base just as the 2020 march to Election Day kicks off.

  • This is a stark new sign of what we've been reporting all year — that President Trump's digitally driven campaign is giving him a massive fundraising and organizing advantage over whoever emerges from the Democratic race.

How it happened: Much of the RNC money is raised jointly with the Trump campaign.

By the numbers:

  • The RNC has raised $215 million so far to support Trump and Republican candidates on all levels. They are currently targeting Democratic House members in districts Trump won following the recent House impeachment vote.The RNC raised $20.6 million last month, a November record for the party — more than twice as much as the DNC's $8 million, per Politico Playbook.
  • The RNC had $63.2 million cash on hand at the end of November, compared to the DNC which only had $8.4 million, Bloomberg reports.

For now, the DNC has to take a back seat to a bunch of well-organized Democrats who want to be the nominee, while the RNC is free to vacuum up cash with no competition.

  • One well-wired Democrat told me: "25 candidates have spread the wealth a lot. Only good news is that Bloomberg could even the score with a very small stroke of his mighty pen."

Go deeper:

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Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

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