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Julio Cortez / AP

Eric Trump's annual charity golf tournament, which has raised more than $11 million for St Jude's Children's Hospital, generated more than $1 million in revenue for the Trump organization, Forbes reported Tuesday.

Despite Eric Trump repeatedly claiming he was able to use Trump National Golf Club in Westchester County, N.Y. for free, his charity was actually billed amounts that golf experts told Forbes far exceeded what would be normal for a one-day tournament. Two sources with direct knowledge told Forbes it was Donald Trump who insisted his son's charity be billed.

Forbes also reports that the Donald J. Trump Foundation "apparently used the Eric Trump Foundation to funnel $100,000 in donations into revenue for the Trump Organization."

Why it matters: President Trump's foundation has faced previous accusations of self-dealing, and questions have repeatedly been raised over the murky relationship between it and his for-profit business. The Washington Post's David Fahrentold is back on the case after today's story.

Go deeper

Trump bump: NYT and WaPo digital subscriptions tripled since 2016

Data: Axios reporting and public filings; Chart: Axios Visuals

The New York Times and The Washington Post have very different strategies for building the subscription news company of the future.

The big picture: Sources tell Axios that the Post is nearing 3 million digital subscribers, a 50% year-over-year growth in subscriptions and more than 3x the number of digital-only subscribers it had in 2016. The New York Times now has more than 6 million digital-only subscribers, nearly 3x its number from 2016.

Ben Geman, author of Generate
52 mins ago - Energy & Environment

Biden's emerging climate orbit

Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

As of Tuesday morning, we know a lot more about President-elect Joe Biden climate personnel orbit, even as picks for agencies like EPA and DOE are outstanding, so here are a few early conclusions.

Why it matters: They're the highest-level names yet announced who will have a role in what Biden is promising will be a far-reaching climate and energy agenda.

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.