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Photo: Win McNamee/Getty Images

House Minority Leader Kevin McCarthy (R-Calif.) raised $43.6 million during the first half of 2021, his campaign announced on Wednesday.

The big picture: McCarthy's announcement comes after the National Republican Congressional Committee said it had raised almost $80 million during the first half of the year, its best-ever first-half haul during an election off-year.

What they're saying: McCarthy said the numbers indicate that Americans "want a new way forward" ahead of the 2022 midterms, during which Republicans will look to reclaim control of the House.

  • Democrats hold nine more seats than Republicans in the House, and there are four vacancies in the chamber.

Details: The $43.6 million includes $16.5 million raised in the second quarter. The McCarthy campaign said he had already transferred $15 million to the NRCC and state Republicans, plus an additional $6.8 million to Republican House members "in competitive districts."

Go deeper: NRCC posts mammoth fundraising haul

Go deeper

Reading the fundraising tea leaves in Virginia

Terry McAuliffe (left) and Glenn Youngkin speak during a debate last month. Photo: Win McNamee/Getty Images

Democrat Terry McAuliffe may be trouncing Glenn Youngkin in fundraising, but when it comes to dollars from donors in Virginia — the state where they're battling to become governor — the Republican has the edge.

Why it matters: With tight polls between the two gubernatorial candidates less than two weeks before Election Day, the parties are also looking to fundraising as a predictor of success.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.

Updated 1 hour ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: No evidence that healthy children, teens need boosters, WHO says — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older.
  5. Variant tracker

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