Biden's $80.8 Million Outpaced Trump's Fundraising in May
Joe Biden, whose campaign had long struggled to raise money, zoomed past President Donald Trump’s fundraising machine in May for the first time, pulling in $80.8 million together with the Democratic National Committee, about 10% more than the $74 million Trump raised with the Republican Party.
It was a reversal of fortunes for the former vice president and a testament both to his growing support among small donors — more than half his donors in May were new to the campaign — and the advantages of his first full month of fundraising in concert with the DNC, in chunks of up to $620,000 per donor.
The $80.8 million that Biden raised was roughly one-third more than he raised in April, when Trump edged him slightly. The campaigns took in a total of nearly $155 million in May — about $5 million per day — despite a health and economic crisis that has put more than 40 million Americans out of work and sent unemployment claims soaring.
Tom Perez, chair of the Democratic National Committee, said the party was raising big sums both from small donors online and with traditional big contributors. “Quite frankly, we’re hitting it in both ways,” he said in an interview.
https://www.yahoo.com/news/bidens-80-8-million-outpaced-155403521.html
