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President Trump. Photo: Anna Moneymaker-Pool/Getty Images

President Trump issued a required release of his 2019 financial records after receiving two 45-day extensions due to the COVID-19 pandemic.

What we know: Trump's minimum income was at least $446 million last year, but it was not specified whether the company took home a profit or a loss.

  • His daughter Ivanka and son-in-law Jared Kushner also shared their financial disclosures on Friday, reporting at least $36 million in income, per Politico.

The records show slightly declining revenue at some of the president's properties in 2019 compared to 2018 — a drop-off that's likely to continue in 2020 due to coronavirus lockdowns and travel industry declines.

  • His Mar-a-Lago resort in Palm Beach, Florida, fell to $21.4 million in 2019 compared to $22.7 million in 2018, and his Washington, D.C., property dropped to $40.5 million from $40.8 million, per Bloomberg.
  • Trump National Doral golf course in Florida, however, did see an increase in revenue, reaching $77.2 million from $76 million.
  • Trump golf courses in New Jersey, Florida and North Carolina also experienced jumps in revenue.

The president's reported income also includes...

  • The sale of a $13.5 million mansion in Beverly Hills, California.
  • More than $100,000 in royalties from his book "The Art of the Deal."
  • Legal services from Rudy Giuliani are listed as a gift to the president per the request of the Office of Government Ethics, although Trump contends it was not a reportable gift.
  • No other gifts were reported.

Go deeper

Trump casts ballot in Florida ahead of massive campaign weekend

President Trump. Photo: Mandel Ngan/AFP via Getty Images

President Trump cast his ballot in Florida on Saturday ahead of a jam-packed weekend of campaigning just 10 days ahead of the general election.

The big picture: Trump registered as a Florida voter in 2018, citing his Mar-a-Lago residence. His in-person vote comes amid a massive uptick in mail-in voting due to the coronavirus pandemic, but Trump argues mail-in voting is typically unsafe and ripe for fraud.

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
1 hour 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.