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Trump Raised $74M in May. Biden Raced Past That

Despite ex-VP's $81M haul, president still has sizable advantage in cash on hand
By Newser Editors and Wire Services
Posted Jun 20, 2020 8:30 AM CDT

(Newser) – President Trump was outraised by Joe Biden in May, taking in $74 million for his reelection, but he maintains a sizable advantage in cash on hand over the presumptive Democratic nominee. The pro-Trump effort, which includes fundraising by the Republican National Committee, on Saturday reported its total days after Biden and Democrats said they'd amassed nearly $81 million last month for his White House bid, per the AP. Trump reported having $265 million in the bank at the end of May. Biden and Democrats have yet to disclose their comparable numbers for that period, but the figures were expected to be available later Saturday once the campaign made its official filing with the Federal Election Commission. The total was $103 million in the bank at the end of April.

Trump's campaign announced this week that it raised $14 million last Sunday, which was the president's birthday. Biden on Monday brought in $6 million at a single event featuring Massachusetts Sen. Elizabeth Warren, a onetime rival for the nomination. He plans a fundraiser Tuesday with former President Barack Obama. Trump's campaign has begun wide-scale general election ads, spending about $24 million on television and digital spots over the past month, but it has come as the president's standing in both public and private surveys has taken a hit.

(Read more Election 2020 stories.)

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