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Photo: Drew Angerer/Getty Images

The Trump campaign and its joint fundraising committees with the Republican National Committee raised over $210 million in August, they announced Wednesday.

Why it matters: Joe Biden and the Democratic National Committee raised $364.5 million in the same period, dwarfing Trump's total fundraising haul by over $150 million. It is believed to be the most ever raised by a presidential candidate in a single month.

What they're saying: "Democrats pulled out all the stops in an attempt to boost Joe Biden’s campaign this month," the Trump campaign and the RNC said in a statement.

  • "In addition to the announcement of their vice presidential nominee and DNC Convention which historically brings an influx of cash, Democrats relied heavily on Hollywood celebrities and gimmicks to raise their numbers."
  • "But big names are no match for the enthusiasm advantage that President Trump enjoys and the ground game that the Trump campaign and RNC have amassed over the past four years."

Between the lines, via Axios' Alayna Treene: The massive disparity in funding comes days after the New York Times revealed how the president’s re-election campaign blew through their nearly $200 million cash advantage over Biden. Now, Trump is strapped for cash. 

  • The defeat is also seen as a reflection of the campaigns’ abilities to fundraise off their respective conventions. The Trump campaign had initially hoped the RNC would energize both the president’s base and the GOP as a whole to dish out heaps of money for Trump.
  • Amid the reports of a cash crunch, Trump said on Tuesday that he'll spend "whatever it takes" of his own money if necessary to win in November.

This story is breaking news. Please check back for updates.

Go deeper

Updated Nov 25, 2020 - Politics & Policy

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.

Pennsylvania certifies Biden's victory

Photo: Aimee Dilger/SOPA Images/LightRocket via Getty Images

Pennsylvania officials on Tuesday certified the state's presidential election results, making President-elect Joe Biden's win in the key battleground official.

Why it matters: The move deals another blow to President Trump's failed efforts to block certification in key swing states that he lost to Biden. It also comes one day after officials voted to certify Biden's victory in Michigan.

2 hours ago - Politics & Policy

Bipartisan group of senators seeks coronavirus stimulus deal

Sens. Joe Manchin (D-W.V.) and Susan Collins (R-Maine). Photo: Drew Angerer/Getty Images

At least eight Republican and Democratic senators have formed an informal working group aimed at securing new coronavirus spending during the lame-duck session, a move favored by President-elect Biden, two sources familiar with the group tell Axios.

Why it matters: It may be the most significant bipartisan step toward COVID relief in months.

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