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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

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.

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.

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.

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