Post by Justbec on Jun 23, 2024 16:21:59 GMT
Trump raised so much last month he erased Biden’s cash advantage
Trump’s fundraising while he was on trial in New York, punctuated in the final days when he was convicted, was enough to surpass the incumbent Democrat when it comes to campaign cash.
Donald Trump speaks at a campaign event.
Former President Donald Trump’s campaign and the Republican National Committee said they raised $141 million in May. | Jeffrey Phelps/AP
By Jessica Piper and Madison Fernandez
06/21/2024 12:43 AM EDT
Former President Donald Trump’s huge May fundraising haul erased President Joe Biden’s longstanding cash advantage as the two gear up for a rematch.
Trump’s campaign had $116.6 million in the bank at the end of May, compared to $91.6 million for Biden.
It wasn’t due to poor fundraising on the incumbent’s part — Biden’s campaign saw a decent fundraising rebound in May after a weak showing the month prior. But Trump’s fundraising while he was on trial in New York that month, punctuated in the final days when he was convicted, was enough to surpass Biden in campaign cash, something that had long been seen as a crucial strength of his.
The latest campaign finance filings with the Federal Election Commission also revealed how Biden has continued to build out his campaign apparatus, while Trump has largely held onto cash. And down-ballot races are also heating up, with party committees and other outside groups bringing in — and spreading around — more cash than before.
After months of a relatively sleepy start, the real money race has begun.
Those are among the takeaways of the campaign finance reports filed by presidential campaigns, party committees and a handful of other groups on Thursday. The reports covered all activity for the month of May.
Biden was counting on a cash advantage. Trump wiped it out.
Trump’s campaign and the Republican National Committee said they raised $141 million in May, a figure that included the significant fundraising boost after the former president’s criminal conviction on hush money charges. (The full breakdown behind that number won’t be available until mid-July, when Trump’s joint fundraising committees file their own reports.)
But the former president’s campaign filing Thursday showed a significant surge in the final two days of the month — the day the jury handed down a guilty verdict and the day after.
Just looking at large-dollar donations, the campaign reported receiving at least six times as many daily donations those two days compared to a typical day. And the fundraising spike was likely even greater, considering that doesn’t include unitemized donations of less than $200 or any donations that the joint fundraising contributions hadn’t yet transferred.
In total, Trump’s campaign and the RNC reported just over $170 million cash on hand combined at the end of May, overtaking Biden and the Democratic National Committee, which reported just shy of $157 million.
Trump’s fundraising while he was on trial in New York, punctuated in the final days when he was convicted, was enough to surpass the incumbent Democrat when it comes to campaign cash.
Donald Trump speaks at a campaign event.
Former President Donald Trump’s campaign and the Republican National Committee said they raised $141 million in May. | Jeffrey Phelps/AP
By Jessica Piper and Madison Fernandez
06/21/2024 12:43 AM EDT
Former President Donald Trump’s huge May fundraising haul erased President Joe Biden’s longstanding cash advantage as the two gear up for a rematch.
Trump’s campaign had $116.6 million in the bank at the end of May, compared to $91.6 million for Biden.
It wasn’t due to poor fundraising on the incumbent’s part — Biden’s campaign saw a decent fundraising rebound in May after a weak showing the month prior. But Trump’s fundraising while he was on trial in New York that month, punctuated in the final days when he was convicted, was enough to surpass Biden in campaign cash, something that had long been seen as a crucial strength of his.
The latest campaign finance filings with the Federal Election Commission also revealed how Biden has continued to build out his campaign apparatus, while Trump has largely held onto cash. And down-ballot races are also heating up, with party committees and other outside groups bringing in — and spreading around — more cash than before.
After months of a relatively sleepy start, the real money race has begun.
Those are among the takeaways of the campaign finance reports filed by presidential campaigns, party committees and a handful of other groups on Thursday. The reports covered all activity for the month of May.
Biden was counting on a cash advantage. Trump wiped it out.
Trump’s campaign and the Republican National Committee said they raised $141 million in May, a figure that included the significant fundraising boost after the former president’s criminal conviction on hush money charges. (The full breakdown behind that number won’t be available until mid-July, when Trump’s joint fundraising committees file their own reports.)
But the former president’s campaign filing Thursday showed a significant surge in the final two days of the month — the day the jury handed down a guilty verdict and the day after.
Just looking at large-dollar donations, the campaign reported receiving at least six times as many daily donations those two days compared to a typical day. And the fundraising spike was likely even greater, considering that doesn’t include unitemized donations of less than $200 or any donations that the joint fundraising contributions hadn’t yet transferred.
In total, Trump’s campaign and the RNC reported just over $170 million cash on hand combined at the end of May, overtaking Biden and the Democratic National Committee, which reported just shy of $157 million.
