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Defying the Odds

Defying the Odds
New book about the 2016 election.

Tuesday, June 23, 2020

Biden Fundraising

President Donald Trump still has a cash advantage over Democratic challenger Joe Biden, but his lead is far smaller than it was just a few months ago.
Biden raised $36 million in May compared to Trump’s $25 million. That’s the first time Biden outraised Trump in a single month this year. And Biden’s low-key, mostly virtual campaign spent just over $11 million while Trump blew through almost all of his monthly fundraising haul.

Including political parties and joint fundraising committees affiliated with the presidential candidates, Biden’s camp said it raised nearly $81 million in May to Trump’s $74 million.

Trump’s once dominant fundraising advantage shrank last month even before protests erupted around the country over policing practices. The president’s unpopular response to those protests, and his handling of the COVID-19 epidemic, further boosted Biden’s bottom line. And Biden leaped ahead of Trump in swing states where Trump ran multi-million dollar ad campaigns.