The Biden campaign announced it had raised $127 million in June, including $38 million in the period following his widely panned performance in the presidential debate against former President Donald Trump.

"This election will be close and the stakes couldn't be higher – which is why [June's] fundraising haul matters so much. It will ensure that we reach and mobilize the voters who will decide this election every single day," Biden campaign manager Julie Chavez Rodriguez said, according to CBS News.

Biden was generally expected to maintain a considerable cash advantage over his Republican opponent, with Democratic fundraising hauls dwarfing those of the GOP for much of early 2024. 

Trump, however, saw his campaign and allied groups rake in hundreds of millions in the wake of his guilty verdict in Manhattan District Attorney Alvin Bragg's hush money case.

"All in we're hearing $400 to $420 million that has come in aggregate," Republican National Committee Chairman Michael Whatley said in mid-June of the combined campaign and RNC fundraising numbers post-conviction. "It is something honestly that we have never seen before... "You know since President Trump became our incumbent nominee back in March, we broke the all time record for fundraising in March between the campaign and the RNC."

The Trump campaign has not yet announced its June fundraising totals.