Trump tops Biden as both tout large July fundraising hauls - Fox News

The Wednesday evening statement from the Trump campaign also touted that they now have more than $300 million cash on hand as of the end of July.

“The enthusiasm behind President Trump’s re-election continues to grow as July’s massive fundraising totals prove,” Trump re-election campaign manager Bill Stepien emphasized.

The announcement from Trump’s re-election team came soon after Democratic challenger Joe Biden’s presidential campaign reported that it and the Democratic National Committee (DNC) and their joint fundraising committees combined hauled in $140 million in last month.

The former vice president’s campaign also touted that they now have a hefty $294 million in cash on hand as of the end of July, an increase of $50 million in their coffers over the past month.

The $140 million brought in during July is roughly equal to the $141 million the Biden campaign and the DNC raised in June, which was by far the campaign’s best monthly figure to date.

The Biden campaign and the DNC had narrowly outraised the Trump campaign and the RNC in both May and June.

“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,” campaign manager Jen O’Malley Dillion said in a statement.

The Biden campaign surge in fundraising the past couple of months has helped it narrow the Trump campaign’s once-massive cash on hand advantage.