Some breaking news for you as we are now getting in numbers from President Biden and the Democratic Party announcing that they have raised more than $85 million in the month of May. That number is not as much as what Trump raised in the same month, based on what the Trump campaign has said. They previously announced they pulled in about $141 million, along with the Republican National Committee. But the Biden campaign does have a huge cash stockpile. When you look at these month to month and the big numbers overall, they have $212 million on hand tonight. And of course, this is all coming, as we do know, in a race that really feels like a toss-up. It's all coming down also to a coin flip. We're talking about who will be standing where one week from tonight during the Trump-Biden debate, and also who is going to have the last word. Biden won the coin toss, which meant he got to choose either where he was standing or who went last. He chose to be on the right side of your screen, just as in the last two debates with Donald Trump. And Trump, in his reality TV fashion, has decided he would like to get the final word of the night.

Here tonight on set with me, Maggie Haberman, Senior Political Correspondent for the New York Times, and CNN Political Analyst. Maggie, I think everyone's curious, what does debate prep for Donald Trump look like right now?

It's different this time than he's done it in the past. In the past, he had Chris Christie leading it and a bunch of other aides being part of it. Christie did do some role-playing. This was not formal prep behind podiums and so forth, but he would pretend to be the opponent. They're not doing that, at least as of now. I guess that could change in the next couple of days. They're doing what is described to me as policy time. They are having him meet with various people. They're cycling in advisors, senators, a bunch of folks to talk about different topics, whether that's abortion or health care or in some cases, talking about how to answer questions about January sixth and the attacks on Trump about posing a threat to democracy.

That's interesting because normally in a mock debate, and what we heard from Bob Bauer, who helped Biden get ready for his last face, they They try to get under your skin. They try to really emulate the person that they're going to be debating. So you're prepared for when that moment happens on stage. So that is interesting that he's not doing mock debates at this moment.

And that definitely happened in 2020. Several people described to me moments where Christie would throw lines at Trump, pretending to be Biden, anticipating attacks. And Trump, I think, was genuinely surprised by them. I don't think there's a ton that Trump is going to be surprised by on this one. I think that the way that the Trump folks are looking at it is, number one, Trump doesn't generally do prep the way people tend to. He doesn't like prep. It feels too much like school. And so they try to find ways where they can engage with him. They have been trying to give him refreshers on certain things from his time in office and then how to parry certain attacks. But I don't think there's so much that they think is going to be coming out of nowhere. I think it's pretty clear where this is going.

Well, and obviously, he's been on the debate stage with Biden before. He was talking today. He watched the Biden-Paul Ryan debate from when they were both the vice presidential candidates. Here's what he said about Biden's debating abilities.

I watched him with Paul Ryan, and he destroyed Paul Ryan. Paul Ryan with the water. He was chugging water at a left and right. I didn't think a human being would be able to drink so much water at one time. And he beat Paul Ryan. So I'm not underestimating him. I assume he's going to be somebody that will be a worthy debater.

That's in the All-In podcast. It's interesting, though, for how they talk about Biden. He's now talking him up, saying he's a strong debater.

And I was told that this was where he and his team were heading as they went into the debate. They were trying to move from Biden can't tie his shoelaces and is going to trip his way all over the stage to trying to suggest that they expect that he will be good in the same way he was, say, at the State of the Union several months ago. And so there is an awareness in Trump's world that they have lowered the expectations pretty solidly for Biden. I don't know that a week out from the debate is enough time to try to recast that. But Trump did not help himself in 2020 when he was constantly interrupting Biden. He knows that. He has said that to people. Trump and his folks are aware that they set the expectations too low for Biden, and Biden beat them. They're trying to avoid doing that now.

Can we just take a reminder of what that moment was like when he was constantly interrupting him? This is the first debate from 2020.

Vote now. Make sure you, in fact, let people know you're a senator. I'm not going to answer the question. Why wouldn't you answer that question? Because the question is- You want to put a lot of news, Supreme Court just says radical left. Will you shut up, man.

Listen, who is- Do you think... That's a great point because is it still in his brain? Because after that, he felt like he didn't do a great job at the first debate. They thought he did great at the second one, but not at the first one.

Well, so to be also, and you know this, he walked off stage and he thought he did fantastic. It was only when he saw the coverage and a lot of people were saying to him that was not great, that then he changed. He has since acknowledged that that was not a great debate. You're right that both he and they think that he did better in the second debate. One thing that was striking, too, about that debate you just played, part of why that moment popped the way it did was that Biden had been smiling in response to Trump's interruptions throughout the entire night until he finally just seemed exasperated. I don't know how much either one of these guys is going to be smiling at the other. I mean, the antipathy that they have for one another is deep.

Or any of us are going to be smiling. I mean, what did you make of... So Biden got to pick whether he wanted to pick his podium or pick who went last. He picked which lector and he'll be standing out, same side as always, which is his preferred side. What do you make of Trump having a last word, though?

I think that, A, it's not surprising. I think Trump likes having the last word in all situations, number one. But number two, I think that the Biden team likely sees that as a positive for them because they think more of Donald Trump is a good thing. And so if the last thing that viewers see is Donald Trump, I think their expectation is that's more likely than not better for them. I don't know that that will be the case, but I imagine that's their thinking.

We'll see how it goes. Maggie Habermann is going to be fascinating, to say the least.