Trump Campaign Raises $130M in August Amid Presidential Bid Reshuffle

Republican U.S. presidential candidate Donald Trump's campaign raised $130 million in August, ending the month with $295 million cash on hand. This comes after an assassination attempt on Trump in July. Meanwhile, Vice President Kamala Harris' Democratic campaign outraised Trump's in July and has seen renewed energy following Joe Biden's withdrawal.

Republican U.S. presidential candidate Donald Trump's campaign and his party raised $130 million in August, closing the month with $295 million in cash on hand. The campaign disclosed this information in a statement on Wednesday. Although the August fundraising figures were slightly lower than the $138.7 million raised in July, they follow a dramatic month in which Trump survived an assassination attempt.

The Democratic presidential campaign led by U.S. Vice President Kamala Harris outperformed the Trump campaign in fundraising for July. Official Democratic figures for August are pending release by the Harris campaign. Last month, Harris' team revealed that the campaign and the Democratic Party's main fundraising group secured a combined $310 million in July. Both campaigns are actively targeting battleground states with a flood of television advertisements.

On July 21, President Joe Biden ended his reelection bid, endorsing Harris for the upcoming November election. Biden's withdrawal was influenced by concerns over his age and health, especially after a faltering debate performance against Trump in late June. Harris' entry into the race has injected fresh energy into a Democratic campaign that had reservations about Biden's viability. Polls indicate that Trump previously held a lead over Biden, including in key battleground states, but Harris' candidacy has since narrowed the gap.

(With inputs from agencies.)