Biden outraises Trump with $80.8 million in May
Source: Politico
But the president retains a substantial money advantage over the presumptive Democratic nominee.
By ELENA SCHNEIDER and ZACH MONTELLARO
Joe Biden raised more money than President Donald Trump last month — setting a record high one-month total, raking in $80.8 million. But the presumptive Democratic nominee still has a long way to go in catching up to Trump’s war chest.
Trump and the Republican National Committee jointly raised $74 million, they announced on Saturday, but the president likely maintains a significant cash-on-hand advantage over Biden with $265 million in the bank. Biden and the Democratic National Committee, meanwhile, did not announce a cash-on-hand total for May.
At the end of April, Democrats had approximately $100 million in cash reserves, according to filings submitted to the Federal Election Commission at the time.
Neither Trump nor Biden have yet submitted fundraising filings covering the month of May to the nation's chief campaign finance watchdog; those are due by midnight Saturday. However, the filings will not paint a complete picture: Not every arm of the candidates' sprawling fundraising apparatuses are required to detail their finances this month.
Read more: https://www.politico.com/news/2020/06/20/biden-trump-fundraising-330448
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