Trump tops Biden in second quarter fundraising haul

Former President Trump outraised President Biden’s campaign in the second quarter of 2024 with just four months to go before Election Day, according to Trump’s campaign. 

The campaign said in a release that it raised $331 million during the months of April, May and June, comfortably topping the Biden campaign’s total of $264 million during that time. It also ended June with an advantage in cash on hand, holding $284.9 million in the bank compared to Biden’s $240 million. 

The announcement came after Biden led Trump in fundraising throughout most of the election cycle, but this has changed in recent months. 

Trump outraised Biden for the first time in the cycle in April, and widened the difference even more in May. Biden’s campaign slightly outraised Trump’s campaign in June, bringing in $127 million compared to $111.8 million, but it was not enough for Biden to raise more in the second quarter. 

May also erased the cash advantage that Biden had built up for months, though both candidates have large war chests available to them. 

“President Trump’s campaign fundraising operation is thriving day after day and month after month. Winning this quarter brought us a cash on hand advantage, which is punctuated by a Biden burn rate that grows while yielding no tangible results for them,” Trump campaign advisers Chris LaCivita and Susie Wiles said in the release. 

The release of the numbers come after a few days of backlash to Biden’s performance in his debate with Trump last week and calls, including from some within his own party, for him to drop out of the race. 

The Biden campaign emphasized when announcing its second quarter haul that it took in $38 million in the days following the debate and that $30 million of it was from grassroots fundraising. It noted that June was the best fundraising month of the cycle. 

But Trump was still able to take in more. 

“This fundraising momentum is likely to grow even more as we head into a world-class convention and see the Democrats continue their circular firing squad in the aftermath of Biden’s debate collapse,” LaCivita and Wiles said. 

The deadline for campaigns to submit their filings to the Federal Election Commission for the second quarter is July 15.