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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 Dec 2, 2020 - Politics & Policy

The top Republicans who have acknowledged Biden as president-elect

Photo: Tasos Katopodis/Getty Images

Some elected Republicans are breaking ranks with President Trump to acknowledge that President-elect Biden won the 2020 presidential election.

Why it matters: The relative sparsity of acknowledgements highlights Trump's lasting power in the GOP, as his campaign moves to file multiple lawsuits alleging voter fraud in key swing states — despite the fact that there have been no credible allegations of any widespread fraud anywhere in the U.S.

Ronna McDaniel to seek re-election as RNC chair with Trump's support

Photo: Chip Somodevilla/Getty Images

Ronna McDaniel will seek re-election to a third term as chair of the Republican National Committee, AP reports.

Why it matters: McDaniel has the support of President Trump, who wants to keep her in place in order to maintain tight control over party HQ ahead of his likely 2024 presidential run.

What COVID-19 vaccine trials still need to do

Illustration: Sarah Grillo/Axios

COVID-19 vaccines are being developed at record speed, but some experts fear the accelerated regulatory process could interfere with ongoing research about the vaccines.

Why it matters: Even after the first COVID-19 vaccines are deployed, scientific questions will remain about how they are working and how to improve them.

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