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Donald Trump Jr., President Trump and Ivanka Trump during "The Apprentice" Season 6 Finale at The Hollywood Bowl at Hollywood Bowl in Hollywood, California. Photo: Mathew Imaging/FilmMagic

President Trump made more than $427 million from "The Apprentice" and licensing deals related to the long-running NBC reality-TV show, the New York Times alleges in its latest report on his tax returns.

Why it matters: The show that ended in 2017 saw Trump become a household name as a real estate mogul, enhancing his political profile. He invested tens of millions in businesses, largely golf courses, during his time on "The Apprentice," per the Times, which cited documents showing huge losses in the years leading up to his presidential candidacy. Trump has said the NYT reporting is "fake news."

Go deeper: Key findings from NYT report on Trump's taxes

Editor's note: NBC is an investor in Axios and Andy Lack, chairman of NBC News and MSNBC, is a member of the Axios board of directors.

Go deeper

Oct 16, 2020 - Politics & Policy

ABC's Biden town hall draws more viewers than NBC's Trump event

Getty Images

ABC's live town hall event with Joe Biden Thursday night drew 14.1 million viewers, surpassing the final Nielsen ratings for NBC's town hall with President Trump, which was aired across NBC, MSNBC and CNBC and drew 13.5 million viewers in the same hour.

Why it matters: The president's lively hour-long town hall, moderated by Savannah Guthrie, was expected to trounce Biden's more calm, policy-focused hour and a half town hall event moderated by ABC's George Stephanopoulos.

Stalemate over filibuster freezes Congress

Illustration: Sarah Grillo/Axios

Senate Majority Leader Chuck Schumer and Mitch McConnell's inability to quickly strike a deal on a power-sharing agreement in the new 50-50 Congress is slowing down everything from the confirmation of President Biden's nominees to Donald Trump's impeachment trial.

Why it matters: Whatever final stance Schumer takes on the stalemate, which largely comes down to Democrats wanting to use the legislative filibuster as leverage over Republicans, will be a signal of the level of hardball we should expect Democrats to play with Republicans in the new Senate.

Dave Lawler, author of World
2 hours ago - World

Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.