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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
PoliticsDonald Trump

Public Impeachment Hearings Spur Trump Reelection Fundraising

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November 14, 2019, 3:32 PM ET
Pro-impeachment protesters hold placards outside of the Longworth building on Capitol Hill where the House Intelligence Committee is holding public impeachment hearings into President Donald Trump's actions regarding U.S.-Ukraine policy.    Olivier Douliery/AFP/Getty Images
Pro-impeachment protesters hold placards outside of the Longworth building on Capitol Hill where the House Intelligence Committee is holding public impeachment hearings into President Donald Trump's actions regarding U.S.-Ukraine policy. Olivier Douliery/AFP/Getty ImagesOlivier Douliery—AFP/Getty Images
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President Donald Trump’s reelection campaign raised more than $3 million on the day of the first public House impeachment hearing.

Trump campaign manager Brad Parscale announced the haul on Twitter Thursday. He says the campaign raised $3,144,257 Wednesday and now hopes to raise $5 million within a 24-hour span.

The House impeachment inquiry revolves around Trump asking the Ukraine president for a “favor” in a July phone call, which has been corroborated. On the call, Trump was seeking an investigation of Democrats and 2020 rival Joe Biden, while withholding almost $400 million in congressionaly-approved military aid, according to testimony.

House Speaker Nancy Pelosi (D-Calif.) says the president’s actions amount to “bribery” for asking a favor in exchange for his releasing U.S. military aid to help the Ukraine fight Russia. Bribery is an impeachable offense spelled out in the Constitution.

Trump calls the inquiry a “hoax” and a “sham” and his campaign has argued the probe is helping him, citing a spike in contributions and enthusiasm.

Rick Gorka, a spokesman for the national Republican Party and the campaign says that pushback efforts have generated free publicity worth nearly $10 million.

He’s also reporting a surge in volunteers and says the response “we’re receiving from the field has been tremendous.”

At the same, Trump has his critics within the GOP, including those challenging his reelection.

Former Illinois congressman Joe Walsh filed Thursday for the New Hampshire presidential primary, officially giving Trump two major Republican primary challengers in the early voting state.

Walsh has centered his longshot bid squarely on Trump. He’s become a vocal critic of the president, saying Trump is unfit for the office.

Former Massachusetts Gov. Bill Weld also has filed to challenge Trump in the New Hampshire primary.

Both Walsh and Weld have struggled so far to have largescale fundraising success. Another would-be primary challenger, former South Carolina governor and congressman Mark Sanford, dropped his bid Tuesday.

More must-read stories from Fortune:

—What to make of the public impeachment inquiry’s first day?
—How to watch the public impeachment hearings live online without cable
—Which Republicans will likely support Trump in the impeachment hearings 
—Why doesn’t the Trump administration try to ban menthol cigarettes, along with flavored vaping products? 
Get up to speed on your morning commute with Fortune’s CEO Daily newsletter.

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