President Trump told reporters on Tuesday that he'll spend "whatever it takes" of his own money if necessary to win in November, stressing that it's "the most important election in the history of our country."

Why it matters: The comments come after reports that Trump's campaign is having real money concerns — an unusual position for an incumbent that has worried GOP operatives. The campaign has yet to release its August fundraising, but Joe Biden and the Democrats say they raised a record-breaking $364.5 million last month.

  • Some of the notable expenses for the Trump campaign include $11 million on Super Bowl advertising, roughly $4 million to Trump businesses since 2019 and approximately $156,000 on planes for aerial banners, according to the New York Times.
  • "We have much more money than we had last time going into the last two months, I think double or triple" Trump claimed. "But if we needed any more, I'd put it up personally."

Trump tweeted later Tuesday that China and COVID-19 are to blame for his shortfalls.

  • "Because of the China Virus, my Campaign, which has raised a lot of money, was forced to spend in order to counter the Fake News reporting about the way we handled it (China Ban, etc.). We did, and are doing, a GREAT job, and have a lot of money left over, much more than 2016," he tweeted.
  • "Like I did in the 2016 Primaries, if more money is needed, which I doubt it will be, I will put it up!"

Go deeper

Oct 24, 2020 - Politics & Policy

Biden is highest-spending political candidate on TV ads

Joe Biden. Photo: Sean Rayford/Getty Images

After spending an additional $45.2 million on political ads this week, former Vice President Joe Biden has become the highest-spending political candidate on TV ads ever, according to data from Advertising Analytics.

By the numbers: In total, the Biden campaign has spent $582.7 million on TV ads between 2019 and 2020, officially surpassing Michael Bloomberg's record spend of roughly $582 million. Biden's spend includes his primary and general election advertising.

Oct 24, 2020 - Politics & Policy

Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.

Updated 45 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. World: Australian city Melbourne to exit one of world's longest lockdowns — In photos: Coronavirus restrictions grow across Europe
  4. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure
  5. Nonprofit: Rockefeller Foundation commits $1 billion for COVID-19 recovery

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!