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Illustration: Sarah Grillo/Axios

A growing number of Republicans are privately warning of increasing fears of a total wipeout in 2020: House, Senate, and White House.

Why it matters: All of this is unfolding while the economy still looks strong, and before public impeachment proceedings have officially begun.

  • House Republicans in swing districts are retiring at a very fast pace, especially in the suburbs of Texas and elsewhere. (Republicans talk grimly of the "Texodus.") Rep. Greg Walden — the top Republican on the House Energy and Commerce Committee, and the only Republican in Oregon's congressional delegation — yesterday shocked the party by becoming the 19th GOP House member to not seek re-election.
  • The Republican Senate majority, once considered relatively safe, suddenly looks in serious jeopardy. Democrats are raising more money, and polling better, than Republican incumbents in battleground after battleground.
  • President Trump trails every major Democratic candidate nationally and in swing states — and his favorable ratings remain well under 50%.

The biggest recent change is Republicans' increasingly precarious hold on the Senate.

  • National Journal's Josh Kraushaar writes in his "Against the Grain" column that "the pathway for a narrow Democratic takeover of the upper chamber is looking clearer than ever": "If Trump doesn’t win a second term, Democrats only need to net three seats to win back the majority."

Scott Reed, the U.S. Chamber of Commerce senior political strategist, tells me that third-quarter fundraising reports showing three Republican senators being out-raised by Democratic challengers (in Arizona, Iowa and Maine) "are a three-alarm fire."

  • "The party was shaken by that," Reed said. "We're all worried."
  • The well-funded Chamber started TV ads in Arizona last week, launches an ad today in Maine, and will add a third state next week.
  • That's the earliest the group has ever gone on the air: Ads typically begin after Thanksgiving or New Year's.
  • "We have to spend early because the climate stinks," Reed said. "All these incumbent senators have terrible job approvals and terrible favorables."
  • But Reed thinks Trump has a better than 50-50 chance of hanging on: "He's still wildly popular in the middle of the country."

Between the lines: Across the board, struggling Republican Senate campaigns are more concerned about lousy fundraising than they are with poor polling.

  • Republican strategists and campaign staffers said that with the polarization of the Trump era, key House and Senate races will depend even more than usual on the presidential race.

What to watch: Senate races look so tight that control could be decided by a January 2021 runoff in Georgia.

Go deeper: Trump's Senate red wall

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Go deeper

Perfect storm brewing for extreme politicians

Data: Axios research; Table: Jacque Schrag/Axios

Redistricting and a flood of departing incumbents are paving the way for more extreme candidates in this year's midterm elections.

Driving the news: At least 19 House districts in 12 states are primed to attract such candidates — hard partisans running in strongly partisan districts — according to an Axios analysis of districts as measured by the Cook Political Report's Partisan Voter Index (PVI).

Updated 3 hours ago - Technology

3D printing's next act: big metal objects

Chief Scientist Andy Bayramian makes modifications to the laser system on Seurat's 3D metal printer. Photo courtesy of Seurat Technologies.

A new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and carbon footprint of mass manufacturing.

Why it matters: 3D printing — also called additive manufacturing — has been used since the 1980s to make small plastic parts and prototypes. Metal printing is newer, and the challenge has been figuring out how to make things like large car parts faster and cheaper than traditional methods.

Updated 5 hours ago - Technology

Mayors see cryptocurrency as a way to address income inequality

Illustration: Sarah Grillo/Axios

At the U.S. Conference of Mayors' meeting in D.C. this week, there's buzz around the idea of giving cryptocurrency accounts to low-income people.

Why it matters: Cities have been experimenting with newfangled ways to address income inequality — like guaranteed income programs — and the latest wave of trials could involve paying benefits or dividends in bitcoin, stablecoin or other digital currencies.