Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Combination images of President Trump and former Vice President Joe Biden. Photo: Alex Wong/Getty Images/Mark Makela/Getty Images
President Trump's re-election campaign and the Republican National Committee announced on Wednesday they collectively raised $165 million in July.
Why it matters: With 90 days until the election, Trump and the RNC outpaced the Biden campaign, the Democratic National Committee and their joint fundraising committees, who announced earlier Wednesday that they raised $140 million last month.
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).