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Joe Biden and Kamala Harris. Photo: Olivier Douliery/AFP via Getty Images

Joe Biden's campaign announced on Wednesday that it raised $26 million in the 24 hours after revealing Sen. Kamala Harris as his vice presidential pick.

Why it matters: The cash influx signals that Harris has helped the Democratic presidential campaign pick up steam. Nearly 150,000 contributors were first-time donors, according to the campaign statement.

The state of play: The Trump campaign said in a statement it surpassed the billion-dollar threshold with a cycle haul of $1.1 billion to date.

  • The Biden campaign, the Democratic National Committee and their joint fundraising committees, announced they raised $140 million in July, with $294 million on hand — a $50 million increase over the past month.
  • Yes, but: Biden out-raised Trump in May and June.

Go deeper: Joe Biden has "best grassroots fundraising day ever" after announcing Kamala Harris as VP pick

Go deeper

Nov 17, 2020 - World

Biden speaks with Israeli leaders Netanyahu and Rivlin

Biden (L) with Netanyahu in 2010. Photo: Baz Ratner-Pool/Getty Images

President-elect Biden spoke on the phone today with Israeli Prime Minister Benjamin Netanyahu and Israeli President Reuven Rivlin as part of series of congratulatory phone calls with leaders around the world.

The big picture: The order in which these calls are returned by an incoming president is closely watched. Biden called Netanyahu and Rivlin after speaking with the leaders of nine other U.S. allies over the past few days.

NRA declares bankruptcy, says it will reincorporate in Texas

Wayne LaPierre of the National Rifle Association (NRA) speaks during CPAC in 2016. Photo: Saul Loeb/AFP via Getty Images

The National Rifle Association said Friday it has filed for Chapter 11 bankruptcy and will seek to reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment."

The big picture: The move comes just months after New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.

2 hours ago - Politics & Policy

Biden: "We will manage the hell out of" vaccine distribution

Joe Biden. Photo: Chip Somodevilla / Getty Images

President-elect Joe Biden promised to invoke the Defense Production Act to increase vaccine manufacturing, as he outlined a five-point plan to administer 100 million COVID-19 vaccinations in the first months of his presidency.

Why it matters: With the Center for Disease Control and Prevention warning of a more contagious variant of the coronavirus, Biden is trying to establish how he’ll approach the pandemic differently than President Trump.