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Photo: Kyle Mazza/Anadolu Agency via Getty Images

President Trump's 2020 re-election campaign announced Thursday that it raised $46 million in 2019's fourth quarter.

Why it matters: It's the biggest number for any candidate so far this cycle and leaves the president with a staggering $102.7 million in cash on hand heading into his re-election year.

  • That figure also doesn't represent anything taken in by the Republican National Committee this quarter — or anything raised by the campaign's authorized joint fundraising committees.
  • The president's 2020 campaign pulled $41 million in Q3 and a total of $143 million during all of 2019.

The big picture: Trump's campaign has been attempting to monetize the ongoing impeachment inquiry against him to bolster its finances.

  • Recent additions to its merchandise store include "Bull-Schiff" t-shirts demonizing House Intelligence Chairman Adam Schiff, and "Where's Hunter?" t-shirts mocking former Vice President Joe Biden's son.
  • The campaign has also been spending big on television and social media ads that put impeachment front and center.

Worth noting: While Trump is likely to outraise his individual Democratic rivals in the fourth quarter (Bernie Sanders' $34.5 million should come closest), the combined might of the field could be worrying.

  • As the Washington Post's Dave Weigel notes, all of the 2020 Democratic contenders combined will likely double Trump's fundraising this quarter. He points out that George W. Bush and Barack Obama were not outpaced in fundraising by their collective rivals during their re-election campaigns.

Go deeper: Donald Trump on the issues, in under 500 words

Go deeper

Trump sues New York Times and his niece over tax report

Former President Trump hosting a boxing match in Hollywood, Florida on Sept. 11. Photo: Chandan Khanna/AFP via Getty Images

Former President Trump filed a lawsuit against the New York Times and his niece Mary Trump on Tuesday over the news outlet's reporting on his tax records, the Daily Beast first reported.

Details: The lawsuit, filed in New York's Dutchess County, alleges the NYT "engaged in an insidious plot to obtain confidential and highly-sensitive records" and that it "convinced" Mary Trump to "smuggle records out of her attorney's office and turn them over to The Times."

House passes government funding, debt ceiling bill

Speaker Nancy Pelosi. Photo by Kevin Dietsch/Getty Images

The House passed a bill on Tuesday to fund the government through early December, along with a measure to raise the debt ceiling through December 2022.

Why it matters: The stopgap measure, which needs to be passed to avoid a government shutdown when funding expires on Sept. 30, faces a difficult journey in the Senate where at least ten Republicans would need to vote in favor.

3 hours ago - Politics & Policy

The Democrats' debt dilemma

Illustration: Aïda Amer/Axios

Democrats find themselves in a political and potentially catastrophic economic quagmire as Republicans stand firm on denying them any help in raising the federal debt ceiling.

Why it matters: The Democrats are technically right — the debt comes, in part, from past spending by President Trump and his predecessors, not only President Biden's new big-ticket programs. But Senate Minority Leader Mitch McConnell (R-Ky.) is saddling them with the public relations challenge of making that distinction during next year's crucial midterms.