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Trump Has Rapidly Eroded Biden’s Edge in 2024 Cash Battle [1]

['Shane Goldmacher', 'Theodore Schleifer']

Date: 2024-06-20

Former President Donald J. Trump out-raised President Biden for the second consecutive month in May, outpacing his successor by roughly $81 million in donations over the last two months as he rode a surge of financial support after his felony conviction.

In May, Mr. Biden’s campaign and its joint operation with the Democratic National Committee raised $85 million, compared with $141 million for Mr. Trump and the Republican National Committee, according to the two campaigns. In April, the Trump team also brought in $25 million more than the Biden team.

The Biden campaign said it entered June with $212 million on hand combined with the party. The Trump operation and R.N.C. have not released a full tally of their cash on hand since the end of March. A partial count on Thursday, revealed in Federal Election Commission filings, showed that Mr. Trump had amassed a war chest of at least $170 million with the party.

Overall, Mr. Trump was a daunting $100 million behind Mr. Biden at the start of April. In two months, he cut that cash deficit by at least half. And for the first time, Mr. Trump’s principal campaign committee had more cash than Mr. Biden’s: $116.5 million to $91.6 million.

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[1] Url: https://www.nytimes.com/2024/06/20/us/politics/trump-fundraising-biden-election.html

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