Former President Trump’s campaign says it has raised over Rs 100 crore. President Biden The company has earned revenue of more than Rs 1.5 lakh crore in the last three months and this shows that it has excess cash.
Trump’s campaign announced Tuesday that it and the Republican National Committee had raised a staggering $331 million during the April to June second quarter of 2024, far surpassing the $264 million raised by the Biden campaign and the Democratic National Committee over the previous three months.
And the former president’s campaign highlighted that it had $284.9 million in its coffers as of the end of June, while Biden had $240 million.
Biden will meet with Democratic governors on Wednesday to drum up party support for 2024 campaign
Former US President Donald Trump speaks during a campaign event at historic Greenbrier Farm in Chesapeake, Virginia, US, Friday, June 28, 2024. (Parker Michels-Boyce/Bloomberg via Getty Images)
But Biden made $127 million June Fundraising, The amount exceeds the $111.8 million raised by Trump last month.
“President Trump’s campaign fundraising is thriving day after day and month after month. Wins this quarter have given us a cash boost that is compounded by the Biden burn rate, while he’s seeing no tangible results,” Trump co-campaign managers Chris Lacivita and Suzy Wiles stressed in a statement.
Biden tries to flip script on negative narrative that emerged from disastrous debate with Trump
The Trump and Biden campaign cash reports were released as the president’s campaign attempts to flip the script on the brutal narrative that unfolded in last week’s first debate.
Biden, who at 81 is the oldest president in the country’s history, is facing the toughest phase of his bid for a second term in the White House after his stilted speech and faltering answers. In the debateThere was widespread uproar in the Democratic Party, and political pundits, editorial writers, and some party elected officials and donors called on Biden to step down as the party’s 2024 flag-bearer.
President Biden and former President Trump debated on Thursday night. (Getty Images)
A large portion of Biden’s earnings were raised in June at a star-studded fundraiser in Los Angeles with former President Obama, Hollywood heavyweights George Clooney and Julia Roberts and late-night TV talk show host Jimmy Kimmel. The campaign said after the event that it set a new Democratic Party fundraising record by raising $30 million.
The president also raised more than $8 million at a fundraiser a few days later at the northern Virginia home of former Gov. Terry McAuliffe, where Biden was joined by former President Bill Clinton and former Secretary of State and former Senator Hillary Clinton, who was the Democrats’ flagbearer in 2016.
New polls show red flags in Biden’s favor
But what took fundraising to an even greater height in June was the campaign’s $33 million raised from last Thursday through Saturday, the day of the first presidential debate, and the two days after. And the Biden campaign showed that their best time of fundraising this cycle came between 11 p.m. and midnight on Thursday, which was immediately after the debate with Trump in Atlanta, Georgia.
But what took fundraising to an even greater height in June was the campaign’s $33 million raised from last Thursday through Saturday, the day of the first presidential debate, and the two days after. And the Biden campaign showed that their best time of fundraising this cycle came between 11 p.m. and midnight on Thursday, which was immediately after the debate with Trump in Atlanta, Georgia.
President Joe Biden reacts after speaking at a campaign rally, Friday, June 28, 2024, in Raleigh, NC. (AP Photo/Matt Kelly)
Biden and the DNC had a major fundraising lead over Trump and the Republican National Committee earlier this year. But Trump and the RNC surpassed Biden and the DNC in fundraising for the first time in April.
And in May, the Trump campaign and the RNC, fueled by a fundraising surge following the former president’s historic guilty verdict in his criminal trial, jointly raised a stunning $141 million, easily outpacing Biden and the DNC.
Fundraising, along with opinion polling, is a key metric used to measure the strength of a candidate and their campaign. The money raised can be used for grassroots outreach and get-out-the-vote campaigns, staffing, travel, and advertising, among other things.
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The Biden campaign is using its funds to build a very formidable grassroots campaign in key battleground states and two weeks ago announced they hired their 1,000th employee and opened over 200 coordinated offices in swing states. The Biden campaign enjoys a huge organizational advantage over the Trump campaign when it comes to grassroots outreach and get-out-the-vote ground game efforts in states that will likely decide the outcome of the election.
“Team Biden-Harris has increased its historic war chest, while also significantly expanding its footprint and operations at headquarters and in key states — resources essential to winning a close election,” the campaign said in a release.
CHESAPEAKE, VIRGINIA – JUNE 28: Republican presidential candidate, former US President Donald Trump walks away after delivering a speech at a rally at Greenbrier Farms on June 28, 2024 in Chesapeake, Virginia. (Anna Moneymaker/Getty Images)
But the Trump campaign argues that Biden’s team is wasting their money.
“Despite Biden spending nearly $120 million on TV, cable, and radio alone, turnout and voter enthusiasm for President Trump continues to rise. This fundraising momentum is likely to increase even more as we head into a world-class convention and see Democrats continue their circular firing squad after Biden’s debate,” Lascivita and Wiles argued in their statement.
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