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Trump Shrinks Fundraising Gap With Clinton

After a bruising week, Donald Trump's bid for the presidency got much-needed relief in the form of some substantial monthly fundraising numbers. The Trump campaign announced on Wednesday a total haul of $80 million for the month of July, including $64 million in donations and another $16 million raised at big-ticket events held in conjunction with the Republican National Committee.

The figures were released by the Trump campaign days after the deadline to submit required monthly disclosures to the Federal Election Commission (FEC). The FEC will release detailed reports later this month.

Although the numbers came as a major improvement for Trump, he was still outpaced by Clinton, as July marked the best fundraising month of the 2016 cycle for both campaigns. Hillary Clinton's campaign committee, Hillary for America, raised $90 million in coordinated efforts with the Democratic National Committee (DNC), according to a statement released earlier this week. The Clinton camp reported $63 million raised directly by her campaign and an additional $26 million generated with the help of the DNC and state democratic parties across the country. Clinton raised $8.7 million in just 24 hours following her formal acceptance of the party's nomination during the Democratic National Convention in Philadelphia, the campaign said.

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Earlier this week, Trump boasted of the grassroots support his campaign has been getting from small donors.

"We have raised with the small donor $35.8 million," Trump said Monday at an event in Columbus, Ohio. "Think of that, I believe it’s 517,000 donors. Think of that. That’s in a month."

The July windfall gives Trump ammunition for what is sure to be an intense final stretch leading up to the election and helped to shrink what was a considerable funding gap between the two campaigns. Trump finished the month with $37 million cash on hand, compared to $58 million for Clinton. Prior to becoming the official GOP nominee in July, Trump had largely self-funded his campaign, to the tune of $56 million, including $2 million last month alone.

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