WASHINGTON (Reuters) -Donald Trump’s election campaign reported on Tuesday that it had raised $8.8 million in January, according to a financial disclosure submitted to the Federal Election Commission.

Trump is closing in on the Republican nomination to face President Joe Biden, a Democrat, in the November presidential election, though he has been trailing Biden in fundraising.

Trump reported having $30 million in the bank at the end of January, down from $33 million at the end of December.

While Biden’s campaign has yet to file its own financial disclosure for January, the campaign reported having nearly $46 million in the bank at the end of last year.

(Reporting by Jason Lange; Editing by Sandra Maler and Leslie Adler)