Former Secretary of State Hillary Clinton on Watch What Happens Live with Andy Cohen. Photo: Charles Sykes/Bravo/NBCU Photo Bank via Getty Images

Former Secretary of State Hillary Clinton has raised $2 million for 2020 candidate Joe Biden's joint fundraising committee with the Democratic National Committee at a virtual event, Politico reported Wednesday night.

Why it matters: Per Politico, it's a record haul for a Biden surrogate at a single event with the former vice president not in attendance. President Trump's campaign has raised much more than Biden's. But the Democrat has made significant fundraising gains in the past two months, and the new DNC pact is another boost.

  • The partnership with the DNC announced last month allows individual donors to contribute up to $360,600 — a huge jump from the $5,600 maximum that an individual can donate to his campaign.

By the numbers: Federal Election Commission fundraising data for April released Monday shows Trump's re-election campaign raised with the Republican National Committee $61.7 million.

  • Biden's campaign and the DNC raised $60.5 million for the same period. Biden's campaign alone raised $43.7 million of that amount — slightly less than his best monthly total of $46.7 million in March.
  • Politico notes that the "Trump operation said it had over $255 million in cash on hand at the end of last month," whereas Biden and the DNC have "$97.5 million in the bank." The fundraising total of the Democrats' joint committee has yet to be disclosed.

The bottom line: The Democrats will have to raise much more to catch the Republicans.

What to watch: Democrats expect former President Obama to draw during summer campaigning significantly more than Clinton's fundraising total from Tuesday's Zoom event.

  • "Obama is the kind of person who can make any Democrat give twice," a Democratic official told Politico.

Go deeper: GOP's small-dollar fundraising platform raises $60M in April

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Pelosi: "I don't think that there should be any debates"

House Speaker Nancy Pelosi said Thursday she doesn't believe there should be any debates between President Trump and Joe Biden because she believes Trump "will probably act in a way that is beneath the dignity of the presidency."

Why it matters: Her statement isn't likely to make the Biden campaign happy, as the Trump campaign has attempted to paint Biden as senile and hoping to avoid a direct confrontation. Biden, however, has repeatedly said that he "can hardly wait" to debate the president.

Aug 27, 2020 - Politics & Policy

What to expect from Trump's RNC acceptance speech

Staging and lighting is set up on the South Lawn of the White House on August 24, 2020 in Washington, DC. Photo: Drew Angerer/Getty Images

On Night 4 of the Republican National Convention, President Trump will deliver a wildly different speech than the one Joe Biden gave last week.

What to watch: Trump will offer a blistering rebuke of Biden’s record and his decades as "a failed" elected official in a closing address that will declare November as a battle between “us vs. them,” campaign officials tell Axios.

Aug 28, 2020 - Politics & Policy

Trump casts Biden as vessel for "wild-eyed Marxists" in 70-minute RNC speech

Addressing a packed crowd on the White House South Lawn Thursday night, President Trump accepted the GOP nomination in a speech that painted Joe Biden as a "Trojan horse for socialism" who will not have "the strength to stand up to wild-eyed Marxists like Bernie Sanders and his fellow radicals."

Why it matters: "This is the most important election in the history of our country," Trump said in a refrain that Joe Biden and the Democratic Party have also stressed. "There has never been such a difference between two parties, or two individuals, in ideology, philosophy, or vision than there is right now."