Biden rakes in big bucks last month, but haul is far short of Trump’s massive May fundraising

President Biden’s 2024 re-election campaign and the Democratic National Committee raised a combined $85 million in May, which is their second-best month of fundraising this election cycle.

But the money raised by Biden and the DNC is far short of the staggering haul raised by former President Trump’s campaign and the Republican National Committee last month.

In announcing their May fundraising figures on Thursday evening, the Biden campaign also highlighted that they had a massive $212 million cash-on-hand as of the end of May.

“Our strong and consistent fundraising program grew by millions of people in May, a clear sign of strong and growing enthusiasm for the President and Vice President every single month,” Biden campaign manager Julie Chavez Rodriguez said in a statement.

BIDEN STRIKES GOLD IN CALIFORNIA, ONE WEEK AFTER TRUMP’S MASSIVE HAUL IN THE BLUE BASTION 

President Joe Biden speaks at podium in PhiladelphiaPresident Joe Biden speaks at podium in Philadelphia

President Biden’s re-election campaign scolded MSNBC and CNN on Wednesday for ignoring a “Black Voters for Biden-Harris” rally in Philadelphia.

Biden’s announcement came on the final day the presidential campaigns had to file their May fundraising figures with the Federal Election Commission (FEC).

READ ON THE FOX NEWS APP

But the Trump campaign didn’t wait for the deadline to tout its May fundraising haul.

The former president’s campaign announced two and a half weeks ago that they and the RNC, fueled in part by the former president’s guilty verdicts in his criminal trial, combined hauled in a stunning $141 million in fundraising in May.

That was up from the $76 million they raised in April when they topped President Biden and the Democratic National Committee for the first time in their 2024 election rematch.

Donald Trump arrives to Trump Tower after being found guiltyDonald Trump arrives to Trump Tower after being found guilty

Former President Donald Trump arrives at Trump Tower on May 30, 2024 in New York City after being found guilty on 34 counts of falsifying business records in the first degree.

Spotlighting their grassroots appeal, the Trump campaign said that the average dollar donation was $70.27 with 25% of the donors in May being first time contributors to the former president’s 2024 run.

The Trump cash announcement came in the wake of what his campaign showcased as “record-shattering” fundraising immediately after he was found guilty of all 34 felony counts in the first trial of a former or current president in the nation’s history.

The former president’s campaign highlighted that in the first 24 hours following Thursday evening’s verdict, they and the RNC hauled in nearly $53 million in fundraising, which counted towards May’s total.

BILL AND HILLARY CLINTON HELP BIDEN RAISE BIG BUCKS 

The Biden campaign also raised funds off of the Trump verdict, and a source familiar told Fox News that “the 24 hours after the verdict were one of the best fundraising 24 hours of the Biden campaign since launch.”

Biden’s May haul came without any major fundraising events headlined by the president. The Biden campaign says that a majority of its May fundraising came from grassroots donors.

The campaign has been using its funds to build up what appears to be a very formidable ground operation in the key battleground states and announced hours earlier on Thursday that they had hired their 1,000 staffer. The Biden campaign enjoys a large organizational advantage over team Trump when it comes to grassroots outreach and get-out-the-vote ground game efforts.

“The money we continue to raise matters, and it’s helping the campaign build out an operation that invests in reaching and winning the voters who will decide this election,” Chavez Rodriguez highlighted.

Biden’s campaign appears to enjoy a large cash-on-hand advantage over Trump, whose campaign didn’t report their cash-on-hand amount in announcing their May fundraising. The campaigns are not legally required to report those figures until the end of July, following the close of the second quarter of fundraising.

Biden enjoyed a $146 million to $88 million cash-on-hand advantage over Trump at the end of March, following the close of the first fundraising quarter of the year.

Trump has been aiming to close his fundraising gap with Biden, who had regularly been outpacing Trump in monthly fundraising.

Trump’s April haul was boosted by a record-setting $50.5 million that the former president’s campaign raked in at a single event early in the month with top dollar GOP donors that was hosted at the Palm Beach, Florida home of billionaire investor John Paulson.

Both candidates have held top dollar fundraising events so far in June.

The president set a new Democratic Party fundraising record – according to his campaign – as he hauled in over $30 million at a star-studded fundraiser on Saturday in Los Angeles with former President Obama, Hollywood heavyweights George Clooney and Julia Roberts, and late night TV talk show host Jimmy Kimmel.

Obama smiles with BidenObama smiles with Biden

President Joe Biden (L) laughs with former President Barack Obama onstage during a campaign fundraiser at the Peacock Theater in Los Angeles on June 15, 2024. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

And he brought in $8.1 million at a fundraiser at the Northern Virginia home of former Gov. Terry McAuliffe, where he was also joined by former President Bill Clinton and former Secretary of State and former Sen. Hillary Clinton, who was the Democrats’ 2016 standard-bearer.

Meanwhile, Trump’s team touted that they hauled in roughly $27.5 million during a fundraising swing by the former president in California and Nevada a week ago.

Fundraising, along with public opinion polling, is a key metric used to measure the strength of a candidate and their campaign. Money raised can be used to build up grassroots outreach and get-out-the-vote operations, staffing, travel and ads, among other things.

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

Original article source: Biden rakes in big bucks last month, but haul is far short of Trump’s massive May fundraising

Source link

Visited 1 times, 1 visit(s) today

Related Article

Israel's recognition of Somaliland and Yemen conflict fuel tensions

Israel’s recognition of Somaliland and Yemen conflict fuel tensions

Reuters Somali women protest in Mogadishu on 7 January during a demonstration against what they describe as Israel’s interference in Somalia’s sovereignty For weeks, Somalia has been engaged in intense diplomatic efforts to rally international support after Israel recognised its breakaway region of Somaliland as an independent state. Through diplomatic outreach and high-level phone calls,

Investor watching a stock chart rise.

This Genius AI Stock Has Far More Potential Than Nvidia in 2026

Nebius expects huge growth in 2026. Nvidia (NVDA 1.44%) is the gold standard of artificial intelligence (AI) investing. It has led the way since 2023, rising to become the world’s largest company. However, other, more explosive AI stocks can deliver outsize returns, and investors may want to consider them for smaller, riskier positions that can

The Taliban rift at the top of the leadership in Afghanistan

The Taliban rift at the top of the leadership in Afghanistan

AFP via Getty Images It was a piece of audio obtained by the BBC that revealed what worries the Taliban’s leader most. Not an external danger, but one from within Afghanistan, which the Taliban seized control of as the previous government collapsed and the US withdrew in 2021. He warned of “insiders in the government”

Yoweri Museveni faces Bobi Wine in presidential poll

Yoweri Museveni faces Bobi Wine in presidential poll

Wedaeli Chibelushiand Sammy Awami,BBC Africa, Kampala AFP via Getty Images More than 21 million Ugandans have registered to vote Polls have opened in Uganda’s presidential and parliamentary election, though voting has been disrupted by widespread logistical delays across the country amid an internet shutdown. At 08:00 local time (05:00 GMT), the BBC observed that things

Singapore's leader of opposition stripped of title after lying conviction

Singapore’s leader of opposition stripped of title after lying conviction

Tessa WongAsia Digital Reporter, Singapore Getty Images Singh was the first person to hold the title of Leader of the Opposition Singapore’s Leader of the Opposition in parliament, Pritam Singh, has been stripped of his title by the prime minister following a vote by lawmakers. The vote took place on Wednesday in parliament, which is

A quantum computing processor in a lab.

Prediction: IonQ Stock Will Be Worth This Much by Year-End 2026

Shares of IonQ sold off dramatically toward the end of 2025, and further selling pressure could be on the horizon. The rise of artificial intelligence (AI) has sparked a frenzy well beyond the technology sector. While the intersection of hardware and software remains largely dominated by semiconductor stocks, a new opportunity at this juncture is

ICE agent shoots Minneapolis man in the leg

ICE agent shoots Minneapolis man in the leg

Reuters Protester shielding themself from tear gas in Minneapolis An Immigration and Customs Enforcement (ICE) officer has shot a man in the leg in the US city of Minneapolis, where an ICE agent shot dead a woman last week. In a statement, the Department of Homeland Security (DHS) said federal officers initially pursued the man

Elon Musk's X to block Grok from undressing images of real people

Elon Musk’s X to block Grok from undressing images of real people

Christal Hayesand Osmond Chia Getty Images Elon Musk launched Grok in 2023 Elon Musk’s AI model Grok will no longer be able to edit photos of real people to show them in revealing clothing in jurisdictions where it is illegal, after widespread concern over sexualised AI deepfakes. “We have implemented technological measures to prevent the

Residents describe 'terrifying' carnage after crane falls on moving train

Residents describe ‘terrifying’ carnage after crane falls on moving train

Panisa AemochaBBC Thai, Sikhio, Nakhon Ratchasima Watch: BBC reports from site where crane collapsed on train in Thailand Residents in Thailand’s Ban Thanon Khot are accustomed to the rumbling of trains – rail is a key mode of transportation connecting the remote town with major cities. But on Wednesday, the mundane rhythm ended in tragedy.

Representational illustration.

China’s Propaganda Playbook for Targeting Rivals

TAIPEI—When Beijing wants to intimidate its rivals, it has an extensive—and often menacing—playbook to draw from. Representational illustration. This menu for browbeating countries that cross it has been on display in the weeks since Japanese Prime Minister Sanae Takaichi riled Beijing by saying that Japan could get drawn into conflict if China tried to seize

Starlink reportedly made free in Iran

Starlink reportedly made free in Iran

Reha Kansara and Ghoncheh HabibiazadBBC News and BBC Persian Getty Images The latest protests in Iran began at the end of December following the collapse of the currency but have widened into demands for political change Starlink has reportedly waived monthly subscription payments for users inside Iran after its government shut down the internet last

Trump says Iran has 'no plan' to execute protesters

Trump says Iran has ‘no plan’ to execute protesters

Watch: Trump says the “killing has stopped” in Iran President Donald Trump says Tehran has “no plan” to execute protesters, but still hasn’t ruled out US military action against the country over its violent crackdown on anti-government demonstrators. The US and UK are both reducing the number of personnel at the Al-Udeid air base in

During a significant snowstorm or a freezing cold snap, you may hear the term "polar vortex" bandied about. FOX Weather Meteorologist Ari Sarsalari explains what exactly the polar vortex is, how it works and how it influences our weather.

Polar vortex to fuel dangerous arctic air as cold temperatures linger over the U.S.

During a significant snowstorm or a freezing cold snap, you may hear the term “polar vortex” bandied about. FOX Weather Meteorologist Ari Sarsalari explains what exactly the polar vortex is, how it works and how it influences our weather. With over 170 million Americans facing below average temperatures, even colder air may be on the

Sharm El Sheikh Peace Summit

UK sends officer to Greenland for joint military operation

Denmark’s defence minister, Troels Lund Poulsen, said on Wednesday the joint operation would involve several allied countries, warning that “no one can predict what will happen tomorrow”. Downing Street confirmed one UK military officer had been deployed at Denmark’s request to join a reconnaissance group ahead of a planned Arctic Endurance exercise. “We share President

US announces start of phase two of Trump's Gaza peace plan

US announces start of phase two of Trump’s Gaza peace plan

David Grittenand Jon Donnison,Jerusalem Reuters Phase two of the peace plan should see reconstruction starting in Gaza after two years of war US envoy Steve Witkoff has announced the start of phase two of President Donald Trump’s plan to end the war in Gaza, with a technocratic Palestinian government established in the territory. Under phase

Why two Canadian provinces are in a spat over Crown Royal whisky

Why two Canadian provinces are in a spat over Crown Royal whisky

Nadine YousifSenior Canada reporter Bloomberg via Getty Images Manitoba Premier Wab Kinew and Ontario Premier Doug Ford generally have a friendly relationship but are taking shots at each other over whisky A British owned, Canadian-made whisky is at the centre of a spat between two provinces that is testing a unified “Team Canada” approach in

Jonah Flicker

Woodford Reserve Re-Released Its Solid Double Double Oaked Bourbon

Woodford Reserve’s core expression is a bar cart staple for a reason—it’s a moderately priced bottle that is packed full of classic bourbon flavors. But the distillery has a lot more up its sleeve than this OG whiskey, like one of its most popular limited-edition expressions, Double Double Oaked, which has returned for the new

0
Would love your thoughts, please comment.x
()
x