Trump campaign outraises Biden by $25 million in July

The big picture: The Trump campaign said in a statement it had surpassed the billion-dollar threshold with a cycle to date haul of $1.1 billion. "The joint re-election effort continues their cash on hand advantage, with an over $300 million war chest," the campaign stated.

• The Biden campaign and DNC now have $294 million on hand, an increase of $50 million over the past month. The figure is about equal to what the campaign brought in during June, when it out-raised the Trump campaign and Republican National Committee's joint haul of $131 million for the second straight month.

Editor's note: This article has been updated with new details throughout. The headline has also been updated to reflect that the Trump campaign outraised the Biden campaign by $25 million (not $20 million).