Former president and presumptive Republican nominee Donald Trump outraised President Joe Biden by $56 million in May, wiping out Biden's cash advantage.
The Trump campaign and the Republican National Committee raised a combined $141 million in May, the New York Times reported, compared with just $85 million for the Biden campaign and the Democratic National Committee. The Trump campaign's massive haul that month gave it a cash advantage over Biden's campaign for the first time, with $116.6 million in the bank for Trump and $91.6 million for Biden, Politico reported Friday based on FEC records.
The Trump fundraising blitz comes after a New York grand jury convicted the former president on 34 felony counts of falsifying business records to conceal hush money payments to adult film actress Stormy Daniels. According to his campaign, Trump and the RNC raised $52.8 million in just the first 24 hours following the verdict. The campaign also said 30 percent of donors in that same time frame were first-time contributors to WinRed, the GOP’s primary fundraising platform.
Biden and Trump will both participate in a debate with CNN next Thursday in Atlanta, the first time the two presidents will have gone head-to-head in a televised debate since October 2020. On Jul. 11, Trump will be sentenced following his Manhattan hush money conviction, just four days before the start of the Republican National Convention in Milwaukee.