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Trump has been wiped out Biden‘s cash lead in the race to November.
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Donations to the Trump campaign rose in the last two days of May following his felony conviction.
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Trump now has a cash advantage over Biden, with $116.6 million on hand to Biden’s $91.6 million.
Donations to the Trump campaign poured in after the former president’s conviction last month. And now he has a huge cash advantage over Joe Biden.
In the month of May alone, the Trump campaign and the Republican National Committee together raised $141 million, The New York Times reported. Meanwhile, the Biden campaign and the Democratic National Committee brought in $85 million this month, the campaign said.
To Trump’s apparent advantage, he spent much of May in Manhattan federal court, fighting 34 charges of falsifying business records related to his attempt to cover up an alleged affair with porn actress Stormy Daniels . And in the last two days of May – the day he was convicted on all counts and the day after – donations to his campaign increased dramatically.
On those two days, the Trump campaign collected six times as many major donations as on an average day, Politico reports. And that increase is likely even greater because it doesn’t include joint contributions under $200, or contributions that haven’t yet been made, according to Politico.
April was also a blockbuster month for Trump’s fundraising efforts. He started the month $100 million behind Biden, but by the end his team had raised $25 million more than Biden for the month, according to the Times.
And now Biden’s long-standing cash advantage over Trump has been wiped out. At the end of May, Trump’s campaign had $116.6 million available, while Biden’s had $91.6 million, FEC filings show.
“President Trump’s record-breaking fundraising numbers prove Crooked Joe Biden’s witch hunts against President Trump, skyrocketing inflation and illegal border invasion have united the American people around the fact that four more years of Biden will spell the end of our country,” the statement said. spokesman. Trump campaign communications director Steven Cheung said this in a statement to Business Insider.
Still, the Biden campaign is not doing too badly.
According to the president’s campaign, May was the second strongest month yet, with more than three million donors joining the effort. The Biden team said that, combined with the DNC’s funds, it had a war chest of $212 million as of early June. The Trump campaign and the RNC have not added up their total available funds for the same period, but a partial count shows they have a combined $170 million, the Times reported.
Biden has also spent much more than Trump. In May, Biden’s campaign spent $30 million, more than four times what Trump’s FEC filings show. Earlier this week, Biden announced a $50 million media blitz, including a blistering attack ad highlighting Trump’s conviction.
“The money we continue to raise matters, and it helps the campaign build an operation that is invested in reaching and winning over the voters who will decide this election – a stark contrast to the PR stunts and photo ops of Trump which he pretends is a campaign. Julie Chavez Rodriguez, the campaign manager for Biden-Harris 2024, said in a press release. “From person-to-person organizing to a historic paid media campaign, we are doing the work to reach and earn the votes needed to win in November.”
Read the original article on Business Insider
