Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

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

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President Trump speaks at a campaign rally in Latrobe, Pa., on Thursday evening. Photo: Jeff Swensen/Getty Images

Money concerns are very real for President Trump's campaign — an unusual predicament for a sitting president, and one that worries veteran Republican operatives, with Trump so far behind in swing states as the race climaxes.

Why it matters: The campaign's view is that Trump will get his message out, and he depends less on paid media than normal politicians. But the number of states Trump has to worry about has actually grown, and Joe Biden's massive August fundraising haul has given his campaign a lift as early voting begins.

The New York Times leads today's paper with a big Labor Day scene-setter with several intriguing references to money problems for Trump:

  • "The light television spending and advertising blackouts in some key states have mystified allies," The Times reports.
  • Trump "is expected to increase television spending next week, but several Republicans said that Bill Stepien, Mr. Trump’s campaign manager since July, was taking a cautious approach after the former leadership spent huge sums on television and digital ads earlier this year, to no discernible effect."

Update ... Trump campaign communications director Tim Murtaugh said in a statement: "President Trump’s fundraising is breaking records and we are paying close attention to the budget, allowing us to invest twice as much from now until Election Day than we did in 2016."

  • "President Trump's reelection strategy reflects the unique 2020 campaign calendar and we're confident that his success in rebuilding our economy ... will prove the pivotal contrast this fall."

Last Monday, AP's Brian Slodysko reported that the Trump campaign had pulled most TV ads over the previous week, ceding the airwaves to Biden, who was outspending Trump by more than 10 to 1.

  • Biden and DNC raised a stunning $365 million in August, breaking the record for one month of presidential fundraising.
  • At the end of July, before the announcement of Sen. Kamala Harris swelled Biden's fundraising, Trump reported slightly more cash on hand.

Go deeper

Updated Dec 15, 2020 - Politics & Policy

Electoral College affirms Biden's victory

Photo: Chip Somodevilla/Getty Images

President-elect Biden officially received the majority of Electoral College votes on Monday, further solidifying his victory even though the outcome of the election has been known for weeks.

Why it matters: The Electoral College result affirms Biden as the next president after weeks of President Trump's false accusations that the election was stolen from him, dozens of failed legal challenges from the Trump campaign, and protests threatening the safety of states' electors.

Scoop: Trump's frenetic, fanciful, bitter final plea

Photo illustration: Sarah Grillo/Axios. Photo: Joshua Roberts/Getty Images

Right up to Monday's Electoral College vote, President Trump held the false hope that Republican-controlled state legislatures would replace electors with allies who'd overturn Joe Biden's win, two people who discussed the matter with him told Axios.

The big picture: Through the past week, the sources said, the president browbeat GOP legislators in multiple states, launched tirades against Republican Govs. Doug Ducey of Arizona and Brian Kemp of Georgia, vowed to make Fox News "pay" for accurately calling the race, and tested ways to say he didn't win without acknowledging he had lost.

Trump says Attorney General Bill Barr is resigning

Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump tweeted Monday that Attorney General Bill Barr will resign from his post before Christmas, moments after the Electoral College affirmed President-elect Joe Biden's election victory.

Why it matters: Tensions between Trump and Barr had already been running high, and revelations in the Wall Street Journal that Barr had worked "for months" during the campaign to conceal a federal investigation of Hunter Biden further enraged the president.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!