Combination photos of former Vice President Joe Biden and President Trump. Photos: Jim Watson/AFP via Getty Images and Nicholas Kamm/AFP via Getty Images

Presumptive Democratic presidential nominee Joe Biden's campaign out-raised that of President Trump's last month, newly released figures show.

Why it matters: It's the first time Biden and the Democratic National Committee have raised more than Trump and the Republican National Committee, which reported raising $74 million in May.

  • Biden's May haul of $80.8 million is a larger total than the Obama campaign raised in May 2012 ($60 million) and the Clinton campaign in May 2016 ($38 million).

Yes, but: Biden still has some way to go to catch Trump's campaign, which has "$265 million in the bank," per Politico, which notes neither the former vice president nor the DNC announced a cash-on-hand total for last month.

The big picture: May was the first full month in which Biden was the sole candidate running for the Democratic nomination, after Sen. Bernie Sanders suspended his campaign and endorsed Biden in April, Axios' Fadel Allassan notes.

Go deeper

Biden on presidential mask mandate: "Our legal team thinks I can do that"

Biden waves as he leaves a hotel in Wilmington, Delaware, on Wednesday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden told reporters in Delaware Wednesday he believes he would have the legal authority as president to issue a nationwide mandate to wear face masks to curb the spread of the coronavirus if needed.

Details: "Our legal team thinks I can do that, based upon the degree to which there's a crisis in those states, and how bad things are for the country," Biden said.

Biden's hardline Russia reset

Photo Illustration: Eniola Odetunde/Axios. Getty Images photos: Mark Reinstein

When he talks about Russia, Joe Biden has sounded like Ronald Reagan all summer, setting up a potential Day 1 confrontation with Russian President Vladimir Putin if Biden were to win.

Why it matters: Biden has promised a forceful response against Russia for both election interference and alleged bounty payments to target American troops in Afghanistan. But being tougher than President Trump could be the easy part. The risk is overdoing it and making diplomacy impossible.

Poll: Biden beats Trump on health care, but it's not the top issue

Reproduced from the Kaiser Family Foundation; Chart: Axios Visuals

Swing voters in three swing states prefer Joe Biden over President Trump on health care and the coronavirus — but those aren't their most important issues, according to the latest KFF-Cook Political Report poll.

The big picture: The economy is the most important issue to these voters, and they give the advantage there to Trump. But Biden dominates the next tier of issues in this poll of swing voters in Arizona, Florida and North Carolina.