Former President Trump Outraises President Biden for Second Consecutive Month
Former President Donald J. Trump has once again out-raised President Biden in donations for the second consecutive month, bringing in roughly $81 million more over the last two months. This surge in financial support comes after Trump’s felony conviction, which seemed to energize his base and attract new donors.
In May, Trump and the Republican National Committee raised $141 million, compared to Biden’s $85 million. This follows a trend from April, where Trump’s team also brought in $25 million more than Biden’s. Despite starting April with a $100 million deficit, Trump has managed to cut that gap in half over the past two months.
The Biden campaign reported having $212 million on hand combined with the party, while Trump’s operation and RNC have not released a full tally of their cash on hand since March. However, a partial count revealed that Trump had at least $170 million with the party.
The increase in donations for Trump came after his criminal conviction in New York on May 30, with contributions pouring in rapidly. The Trump campaign reported raising $53 million online in the first 24 hours after the verdict and $70 million in the first 48 hours. Mega-donations, including a $50 million contribution from billionaire Timothy Mellon, also boosted Trump’s fundraising efforts.
While money alone is not determinative in big races like the presidency, it plays a crucial role in reaching voters who may have tuned out. Trump’s improved fundraising efforts have allowed him to close the gap with Biden, who had an early financial lead. Biden’s campaign has focused on building a strong political infrastructure in battleground states, which they believe will pay off in November.
Both campaigns are gearing up for a tough race ahead, with Trump’s team focusing on online contributions and Biden’s team maintaining an advertising advantage. As the race heats up, the financial parity between the two sides sets the stage for a competitive election in November.
