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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

Sep 29, 2020 - Politics & Policy

Exclusive: Pro-Trump super PAC launches $40M ad blitz in sprint to election

Screengrab of an ad, courtesy of America First Action.

America First Action, the biggest pro-Trump super PAC, is spending another $40 million on economy-focused ads in key states ahead of November, including a new targeted campaign in the Philadelphia suburbs.

Why it matters: It shows Republicans remain concerned about Florida, Pennsylvania, Wisconsin, North Carolina and even Georgia — all states Trump won in 2016.

Progressives bide time for a Biden victory

Illustration: Sarah Grillo/Axios

Progressive Democrats want to beat President Trump so badly that they're tabling their apathy about Joe Biden — organizing hard to get him into office, only to fight him once elected.

Why it matters: That's a big difference from 2016, when progressives’ displeasure with Hillary Clinton depressed turnout and helped deliver the White House to Trump.

Sep 28, 2020 - Politics & Policy

Biden campaign ad targets Trump on income tax payments

Combination images of Democratic presidential nominee Joe Biden and President Trump. Photo: Alex Wong/Getty Images/Spencer Platt/Getty Images

Democratic presidential nominee Joe Biden's campaign team released an ad on Twitter late Sunday in response to the New York Times' explosive report on President Trump's income tax contributions.

Why it matters: The ad and accompanying tweet stating how much tax American workers like nurses and teachers pay compared to the $750 in federal income taxes the NYT said Trump paid in 2016 and again in 2017 marks the first official response by the Biden campaign to the report, which Trump called "fake news." The ad comes ahead of the first presidential debate on Tuesday.

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