President Biden’s 2024 re-election marketing campaign and the Democratic National Committee raised a mixed $85 million in May, which is their second-best month of fundraising this election cycle.
But the cash raised by Biden and the DNC is far short of the staggering haul raised by former President Trump’s marketing campaign and the Republican National Committee last month.
In saying their May fundraising figures on Thursday night, the Biden marketing campaign additionally highlighted that they’d a massive $212 million cash-on-hand as of the top of May.Â
“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 marketing campaign supervisor Julie Chavez Rodriguez mentioned in a press release.Â
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President Biden’s re-election marketing campaign scolded MSNBC and CNN on Wednesday for ignoring a “Black Voters for Biden-Harris” rally in Philadelphia. (Demetrius Freeman/The Washington Post through Getty Images)
Biden’s announcement got here on the ultimate day the presidential campaigns needed to file their May fundraising figures with the Federal Election Commission (FEC).
But the Trump marketing campaign did not anticipate the deadline to tout its May fundraising haul.
The former president’s marketing campaign introduced two and a half weeks in the past that they and the RNC, fueled in half by the previous president’s responsible verdicts in his prison trial, mixed hauled in a shocking $141 million in fundraising in May.
That was up from the $76 million they raised in April after they topped President Biden and the Democratic National Committee for the primary time in their 2024 election rematch.Â
Former President Donald Trump arrives at Trump Tower on May 30, 2024 in New York City after being discovered responsible on 34 counts of falsifying enterprise data in the primary diploma. (Felipe Ramales for Fox News Digital)
Spotlighting their grassroots attraction, the Trump marketing campaign mentioned that the common greenback donation was $70.27 with 25% of the donors in May being first time contributors to the previous president’s 2024 run.
The Trump money announcement got here in the wake of what his marketing campaign showcased as “record-shattering” fundraising instantly after he was discovered responsible of all 34 felony counts in the primary trial of a former or present president in the nation’s historical past.
The former president’s marketing campaign highlighted that in the primary 24 hours following Thursday night’s verdict, they and the RNC hauled in practically $53 million in fundraising, which counted in the direction of May’s whole.Â
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The Biden marketing campaign additionally raised funds off of the Trump verdict, and a supply acquainted instructed 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 got here with none main fundraising occasions headlined by the president. The Biden marketing campaign says {that a} majority of its May fundraising got here from grassroots donors.Â
The marketing campaign has been utilizing its funds to construct up what seems to be a really formidable floor operation in the important thing battleground states and introduced hours earlier on Thursday that they’d employed their 1,000 staffer. The Biden marketing campaign enjoys a big organizational benefit over staff Trump relating to grassroots outreach and get-out-the-vote floor recreation efforts.
File images of President Biden (left) and former President Trump ((AP Photo/Julia Nikhinson and Evan Vucci))
“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 marketing campaign seems to get pleasure from a big cash-on-hand benefit over Trump, whose marketing campaign did not report their cash-on-hand quantity in saying their May fundraising. The campaigns aren’t legally required to report these figures till the top of July, following the shut of the second quarter of fundraising.
Biden loved a $146 million to $88 million cash-on-hand benefit over Trump on the finish of March, following the shut of the primary fundraising quarter of the yr.
Trump has been aiming to shut his fundraising hole with Biden, who had recurrently been outpacing Trump in month-to-month fundraising.
Republican presidential candidate former President Donald Trump walks to the rostrum at a marketing campaign occasion Tuesday, June 18, 2024, in Racine, Wis. (AP Photo/Jeffrey Phelps) (AP Photo/Jeffrey Phelps)
Trump’s April haul was boosted by a record-setting $50.5 million that the previous president’s marketing campaign raked in at a single occasion early in the month with prime greenback GOP donors that was hosted on the Palm Beach, Florida house of billionaire investor John Paulson.
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Both candidates have held prime greenback fundraising occasions so far in June.
The president set a brand new Democratic Party fundraising file – in response to his marketing 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 time TV discuss present host Jimmy Kimmel.
President Joe Biden (L) laughs with former President Barack Obama onstage throughout a marketing campaign fundraiser on the Peacock Theater in Los Angeles on June 15, 2024. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP through Getty Images) (Getty Images)
And he introduced in $8.1 million at a fundraiser on the Northern Virginia house of former Gov. Terry McAuliffe, the place he was additionally 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 staff touted that they hauled in roughly $27.5 million throughout a fundraising swing by the previous president in California and Nevada every week in the past.
Fundraising, together with public opinion polling, is a key metric used to measure the power of a candidate and their marketing campaign. Money raised can be utilized to construct up grassroots outreach and get-out-the-vote operations, staffing, journey and adverts, amongst different issues.
