President Donald Trump outraised presumptive Democratic nominee Joe Biden for the first time in three months in July, though the campaigns have roughly the same amount of money in the bank, The Hill reports.
Trump’s campaign and the Republican National Committee reported raising $165 million in July, more than it raised at any point in 2016 or this cycle.
"With 90 days until victory, our teams and supporters are in overdrive working to re-elect President Trump and Republicans up and down the ballot," said RNC Chairwoman Ronna McDaniel. "From Maine to Nevada, the enthusiasm we are seeing from voters only continues to grow as Americans know the critical choice they face in November – a lawless cancel culture under Joe Biden, or a Great American Comeback under President Trump."
Biden tied in cash on hand:
Biden’s campaign and the Democratic National Committee raised about $140 million in July after beating out Trump in fundraising in May and June.
The campaign now has about $294 million in the bank, compared to about $300 million for Trump.
Biden’s campaign announced a $280 million TV ad buy on Wednesday, more than double Trump’s current TV buy.
“The Biden campaign is on the march, building off the incredible momentum from this summer with another lights-out fundraising month, banking another $50 million for the final stretch to election day,” said campaign manager Jen O’Malley Dillion. “Fueled by our growing community of grassroots supporters, we are rapidly expanding our operations around the country to create many paths to the 270 electoral votes we need to defeat Donald Trump this fall and win the battle for the soul of our nation.”
The FiveThirtyEight polling average, which showed Biden leading by nearly 10 points nationwide in July, has tightened a bit to a 7.6 point margin between the two candidates.
“We haven't had that many super high quality polls lately though. Also a bit less clear whether state polls imply much tightening. Still, we aren't seeing as many of those double-digit leads,” said FiveThirtyEight’s Nate Silver.