Republican presidential candidate Trump raised $331 million in the second quarter, a fundraising that gives him more cash on hand than Biden, the latest development that could heighten Democratic concerns about the incumbent president's campaign.
Trump and the Republican National Committee raised more in the second quarter than the $264 million raised by Biden and the Democratic National Committee in the quarter. The Trump campaign said it currently has nearly $285 million in cash on hand, while Biden reported $240 million in cash. This is a shocking reversal in the "fundraising war" between the two presidential candidates. In the past few months, Biden's campaign funds have been overwhelmingly ahead of his opponent.
"This quarter's wins give us a cash advantage," Trump campaign executives Chris LaCivita and Susie Wiles said in a joint statement, slamming "Biden's increasing pace of burning money without bringing them any tangible results."
Trump outraised Biden in April and May, winning the monthly fundraising race for the first time, but the former president fell behind again in June, with Biden raising $127 million to Trump's $112 million.
Trump's cash advantage, however, is a blow to Biden, whose campaign is facing intense scrutiny from fellow Democrats after a disastrous debate sparked calls for him to drop out and run another candidate.
Biden's campaign has reacted angrily to calls from members of the Democratic Party, lawmakers and members of the media for him not to run for reelection. Biden sought to assure donors at fundraisers over the weekend that he can beat Trump and has plans for talks with Democratic governors on Wednesday.
The Biden campaign on Monday released fundraising totals for June and the current quarter in an effort to demonstrate its strength and ease donor anxiety. Officials said Biden had just recorded his best monthly fundraising performance yet.
The Biden campaign said it raised $38 million in the four days starting with the debate, June 27. The Trump campaign raised $8 million on the day of the event, but fundraising figures for subsequent days are not released.
Trump, for his part, has doubled down on his appeals to deep-pocketed donors and tapped into Republican anger over his conviction in the hush-money case to erase Biden's fundraising advantage. The Trump campaign said he raised $52.8 million online in the 24 hours after the verdict, which made him the first former president in U.S. history to be convicted of a crime.
Trump was in a weaker financial position early in the campaign, when his funds were drained by legal challenges and a hotly contested primary.
Several big moneymakers have donated to Trump. Cryptocurrency billionaires Tyler Winklevoss and Cameron Winklevoss each donated $844,600 worth of bitcoin to the Trump committee. Las Vegas Sands billionaire Miriam Adelson and Blackstone Group CEO Steve Schwarzman both donated to Trump in May.
The article is forwarded from: Jinshi Data
