House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell at the White House. Photo: Alex Wong / Getty Images

The Congressional Leadership Fund, a conservative super PAC linked to House Speaker Paul Ryan, announced Wednesday that they raised $15 million in the the first quarter of 2018 — a record for the PAC and up from the $1.3 million raised in Q1 of 2016, the previous election year.

State of play: Courtney Alexander, communications director of CLF and American Action Network, another conservative group tied to Ryan, told Axios that the group plans to place a high priority on raising money early on rather than waiting to raise and spend toward the end of the cycle. The aggressive approach so early on in the election cycle shows how competitive conservative groups expect the midterm elections to be and offers an inside look at how they plan to defend the Republican majority.

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Updated 27 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: The pandemic is getting worse again New York reports most cases since MayMany U.S. coronavirus deaths were avoidable.
  4. Education: Boston and Chicago send students back home for online learning.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.

Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

Dion Rabouin, author of Markets
58 mins ago - Economy & Business

Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)