President Biden’s political operation raised $85 million into its various accounts in May, ending the month with $212 million cash on hand, the campaign announced.
Why it matters: Biden’s May fundraising totals were significantly less than the $141 million the Trump campaign and the Republican National Committee said they raised in May.
- Those monster numbers reflected the support — and anger — of many Trump backers who were outraged by his 34 felonies conviction in his New York hush money trial.
- Nearly $53 million came in the 24 hours after the verdicts that saw the presumptive Republican presidential nominee become the first-ever former or sitting U.S. president convicted of a crime.
- Separately, Trump’s Super PAC raised nearly $69 million in May, including a $50 million donation from billionaire businessman Timothy Mellon.
State of play: May marks the second month in a row where the Trump operation appears to have out-raised Biden’s.
- Earlier in the cycle, the Democratic frontrunner amassed a sizable cash advantage over his Republican rival.
- Both Trump’s and Biden’s May totals were an improvement over their April hauls, when the Trump campaign brought in $76 million and Biden raised $51 million.
- Since the campaign launched, the Biden campaign says it has raised more than $558 million, which it says is more than any other Democratic candidate at this stage of the cycle.
www.axios.com/2024/06/21/biden-campaign-may-fundraising-total-trump
Views: 63