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.
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
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
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.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
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
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
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
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
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
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
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.