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Trump leaves a rally in Fayetteville, North Carolina, Sept. 9. Photo: Preston Ehrler/SOPA Images/LightRocket via Getty Images

President Trump's re-election campaign and the Republican National Committee said they raised $125 million in the third quarter of 2019 on Tuesday, setting a new presidential fundraising record, with $158 million combined cash on hand.

Context: Former President Obama and the Democratic National Committee raised approximately $70 million for his re-election campaign in 2011's third quarter. "Trump is going to have more resources to deploy earlier and more aggressively than any candidate in history," Dan Pfeiffer, a former senior adviser to Obama, tweeted in response to the news on Oct. 1, when the campaign first announced the haul.

  • Trump's re-election campaign said it received 1,056,126 individual donations in Q3, of which roughly 98% were $200 or less, and an average donation of $44.50.
  • The campaign spent just over $2 million on legal consulting in Q3 — the most it has ever spent in any single quarter, ProPublica's Derek Willis reports.

The big picture: Sen. Bernie Sanders thus far leads all 2020 Democrats in Q3 fundraising, with a $25.3 million haul and $33.7 million cash in hand.

  1. Sen. Bernie Sanders: $25.3 million
  2. Sen. Elizabeth Warren: $24.6 million
  3. Mayor Pete Buttigieg: $19.1 million
  4. Former Vice President Joe Biden: $15.2 million
  5. Sen. Kamala Harris: $11.6 million
  6. Former tech executive Andrew Yang: $10 million
  7. Sen. Cory Booker: $6 million
  8. Former Rep. Beto O'Rourke: $4.5 million
  9. Author Marianne Williamson: $3 million
  10. Sen. Michael Bennet: $2.1 million

Editor's note: This piece has been updated with the latest information.

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.