State of the Race: How House Republican impeachment inquiry could impact Biden in 2024 election

This week's vote entirely along party lines by the Republican-controlled House of Representatives to formally launch an impeachment inquiry into President Biden immediately impacted the president's 2024 re-election campaign.

A fundraising email sent hours later by Vice President Kamala Harris instantly caught fire.

A source familiar with the Biden re-election team's thinking told Fox News that the email was the most lucrative that has been sent so far this month.

"It was the best performing fundraising email the vice president has signed this cycle," the source added.

The impeachment vote formalized an inquiry that began in September to investigate whether the president financially benefited from some of his family's business dealings.

Three Republican-led House committees are looking into connections between the president and his son Hunter Biden's business dealings from 2014-2017, during the elder Biden's final three years as vice president, and after he left office.