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How Joe Biden Is Catching Up to the Trump Money 'Juggernaut' (NYT)
By Shane Goldmacher
Published June 23, 2020
Updated June 24, 2020, 12:39 a.m. ET
In May, Mr. Biden passed President Trump in fund-raising for the first time. A surge in donations has helped cut into the president’s financial advantage.
[View our NYTimes/Siena College poll in which Biden leads Trump by 14 points.]
About six weeks ago, the Democratic National Committee noticed a strange pattern: unsolicited $1,200 donations were showing up online, an unusually large amount to arrive unexpectedly.
First 20 donations, then 40, then 80. Tom Perez, the party chairman, asked his team to investigate. It turns out, some people had decided to essentially forward their government stimulus checks to help Joseph R. Biden Jr. defeat President Trump.
Those gifts were part of an outpouring of cash that has allowed Mr. Biden to sharply cut into the enormous financial advantage that Mr. Trump and the Republican National Committee built in the lead-up to 2020, shaving tens of millions of dollars off what had been a $187 million edge entering April.
Since the beginning of March, Mr. Biden and the D.N.C. have banked more than $100 million. And in May, for the first time, Mr. Biden and the Democrats outraised President Trump and the Republicans, $80.8 million to $74 million.
...snip...
Receipts are on pace to surge even higher in June. Mr. Biden’s online fund-raising so far this month has already surpassed May’s $34.4 million total, according to people familiar with the matter, with a week left to go. Now, some party officials see $100 million as an achievable goal for June.
About six weeks ago, the Democratic National Committee noticed a strange pattern: unsolicited $1,200 donations were showing up online, an unusually large amount to arrive unexpectedly.
First 20 donations, then 40, then 80. Tom Perez, the party chairman, asked his team to investigate. It turns out, some people had decided to essentially forward their government stimulus checks to help Joseph R. Biden Jr. defeat President Trump.
Those gifts were part of an outpouring of cash that has allowed Mr. Biden to sharply cut into the enormous financial advantage that Mr. Trump and the Republican National Committee built in the lead-up to 2020, shaving tens of millions of dollars off what had been a $187 million edge entering April.
Since the beginning of March, Mr. Biden and the D.N.C. have banked more than $100 million. And in May, for the first time, Mr. Biden and the Democrats outraised President Trump and the Republicans, $80.8 million to $74 million.
...snip...
Receipts are on pace to surge even higher in June. Mr. Biden’s online fund-raising so far this month has already surpassed May’s $34.4 million total, according to people familiar with the matter, with a week left to go. Now, some party officials see $100 million as an achievable goal for June.
Read more: https://www.nytimes.com/2020/06/23/us/politics/biden-trump-2020-fundraising.html?action=click&module=Well&pgtype=Homepage§ion=Politics
