Photo: MANDEL NGAN/AFP via Getty Images

The Lincoln Project, a group of anti-Trump Republicans that has produced a number of the election cycle's most viral political attack ads, raised $39.4 million from July through September, according to Federal Election Commission records filed Wednesday.

Why it matters: The group run by Republicans and ex-Republicans has been growing its fundraising exponentially, shattering the $16.8 million record it set in the second quarter of 2020. It has since won over many more Democratic donors with deep pockets, while still receiving a large percentage of its total fundraising from donations under $200.

By the numbers: The Lincoln Project's Q3 haul is more than double the $19 million that the group raised in the previous six months.

  • The group finished its first quarter with $1.9 million with early support from Walmart heir Christy Walton and Silicon Valley executive Ron Conway, records show. 
  • According to CNN, the Lincoln Project's largest Democratic donor in its second quarter was hedge fund manager Stephen Mandel, who donated $1 million to the group.

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Oct 23, 2020 - Podcasts

The 2020 campaign money story

President Trump’s campaign says it just had best-ever fundraising day, securing $26 million in the hours around last night’s debate. This just adds to what was already a record-shattering election season, in terms of money raised and money spent.

Axios Re:Cap digs into the 2020 fundraising story, including what happens to a candidate's unspent money, with election law expert Ciara Torres-Spelliscy.

Oct 24, 2020 - Politics & Policy

Biden is highest-spending political candidate on TV ads

Joe Biden. Photo: Sean Rayford/Getty Images

After spending an additional $45.2 million on political ads this week, former Vice President Joe Biden has become the highest-spending political candidate on TV ads ever, according to data from Advertising Analytics.

By the numbers: In total, the Biden campaign has spent $582.7 million on TV ads between 2019 and 2020, officially surpassing Michael Bloomberg's record spend of roughly $582 million. Biden's spend includes his primary and general election advertising.

AOC: "Extremely important" that Biden offer Bernie Sanders a Cabinet position

Rep. Alexandria Ocasio-Cortez (D-N.Y.) said on CNN's "State of the Union" Sunday that she believes it's "extremely important" that Joe Biden offer Sen. Bernie Sanders and other progressive leaders Cabinet positions if he's elected president.

The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.