President Trump's reelection campaign and its joint fundraising committees raised $247.8 million in September, communications director Tim Murtaugh tweeted Thursday.

Why it matters: Joe Biden's fundraising efforts brought in $383 million for the same period — a figure believed to be a record for any presidential candidate — dwarfing Trump's figures by more than $135 million. The Trump campaign said it has $251.4 million in cash-on-hand, compared with Biden's $432 million.

• This is the second consecutive month in which Biden has significantly out-raised the president.