Ber:(Herer).President Trump’s campaign announced Wednesday that it, along with the Republican National Committee and joint fundraising entities, raised a combined $165 million in July — a record monthly total for the 2020 cycle so far and $25 million more than Joe Biden raised last month. But the president’s lead with cash on hand is narrowing heading into the final stretch before the election.
The Trump campaign last month surpassed the billion dollar mark with $1.1 billion raised this cycle to date. The president and Republican entities now have more than $300 million cash on hand.
“The enthusiasm behind President Trump’s re-election continues to grow as July’s massive fundraising totals prove,” Trump campaign manager Bill Stepien said in a statement.
Meanwhile, former vice president Joe Biden’s campaign announced Wednesday that it, along with the Democratic National Committee and joint fundraising committees, raised $140 million in July, $1 million less than they raised in June. But the presumptive Democratic presidential nominee’s campaign war chest continues to grow heading into the final quarter before the election.
According to the Biden campaign, the combined entities now have more than $294 million cash on hand, a $50 million increase from what Biden’s campaign revealed it had in mid-July.