SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Presumptive Republican nominee Donald Trump arrives for a rally at in Racine, Wisconsin on June 18, 2024.
(Photo: Scott Olson/Getty Images)
'Nerve-Racking': Trump Outraised Biden by $81 Million Over Last Two Months
Trump's "jaw-dropping" haul will allow him to ramp up campaign operations in swing states, worrying supporters of Biden, whose cash-on-hand advantage has "evaporated" since April.
Jun 21, 2024
Presumptive Republican nominee Donald Trump outraised President Joe Biden for the second month in a row in May and brought in a total of $81 million more than Biden over April and May, federal filings released Thursday show, closing a significant gap in their war chests and sparking concerns among Democratic strategists.
Trump's joint operation with the Republican National Committee (RNC) has drawn near to Biden's cash on hand, after having lagged about $100 million at the start of April. Biden's joint operation with the Democratic National Committee (DNC) had $212 million cash on hand at the start of June, compared to Trump's at least $170 million, and possibly more, according to The New York Times, which said that Biden's edge may have "evaporated."
The filings have cast doubt on the Biden campaign's contentions that it would have a large cash advantage.
"The Biden campaign and its allies had argued that for all of the president's electoral vulnerabilities—nagging inflation, poor approval ratings, lingering concerns about his age—one clear advantage would be cash," the Times reported.
Biden's supporters expressed concern that one of the president's key advantages has been eliminated.
"It's nerve-racking to see the money race even out," Jon Reinish, an establishment Democratic political strategist, told the Times. "That was supposed to be one of Biden's real advantages. He's also been spending money for months and that doesn't seem to be moving the needle much in terms of polling. Hopefully that changes as we get even closer."
via @NYTimes THE MONEY afforded the billionaires by 50 years of class war from above and tax cuts for capital and the rich has completely subverted American democratic life. https://t.co/HlRZ04zVf0
— Harvey J Kaye (@harveyjkaye) June 21, 2024
The joint Trump-RNC operation raised a "jaw-dropping" $141 million in May, helped by a surge of donations in the final two days of the month following his felony conviction on May 30. The joint Biden-DNC operation raised $85 million in the month, an amount which The Associated Press characterized as "robust," albeit less than Trump's haul.
The AP's Steve Peoples wrote with seeming astonishment at Trump's fundraising success:
At almost any other time in U.S. history, a presidential candidate would have been forced to leave an election after being convicted of dozens of felonies. But in 2024, Trump's guilty verdict has instead fueled a massive fundraising surge that puts his team in a position to ramp up advertising and swing-state infrastructure just as voters begin paying closer attention to the election.
The campaign figures don't include donations made to outside groups such as super PACs, legally separate entities that are supposed to operate independently from the campaigns. The new federal filings show that billionaire Timothy Mellon gave MAGA Inc., a pro-Trump super PAC, $50 million on May 31, as Common Dreams reported Friday.
Biden's advisers say that the president still has the overall advantage in outside money. Pro-Biden super PACs and nonprofits have outspent pro-Trump groups by 50% on ads on six key battleground states, the Times reported. And Biden's billionaire supporters continue to give. Former New York City mayor and Democratic megadonor Michael Bloomberg donated $20 million to the president's campaign, anonymous sources said this week; June donations have not yet appeared in federal filings.
Pro-Trump groups are looking to catch up on ad buys now that they have more funds. MAGA Inc. just placed $30 million in airtime purchases in Georgia and Pennsylvania, the Times reported.
Both the Biden and Trump campaigns have major fundraisers scheduled for June 27 to coincide with the first presidential debate.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Presumptive Republican nominee Donald Trump outraised President Joe Biden for the second month in a row in May and brought in a total of $81 million more than Biden over April and May, federal filings released Thursday show, closing a significant gap in their war chests and sparking concerns among Democratic strategists.
Trump's joint operation with the Republican National Committee (RNC) has drawn near to Biden's cash on hand, after having lagged about $100 million at the start of April. Biden's joint operation with the Democratic National Committee (DNC) had $212 million cash on hand at the start of June, compared to Trump's at least $170 million, and possibly more, according to The New York Times, which said that Biden's edge may have "evaporated."
The filings have cast doubt on the Biden campaign's contentions that it would have a large cash advantage.
"The Biden campaign and its allies had argued that for all of the president's electoral vulnerabilities—nagging inflation, poor approval ratings, lingering concerns about his age—one clear advantage would be cash," the Times reported.
Biden's supporters expressed concern that one of the president's key advantages has been eliminated.
"It's nerve-racking to see the money race even out," Jon Reinish, an establishment Democratic political strategist, told the Times. "That was supposed to be one of Biden's real advantages. He's also been spending money for months and that doesn't seem to be moving the needle much in terms of polling. Hopefully that changes as we get even closer."
via @NYTimes THE MONEY afforded the billionaires by 50 years of class war from above and tax cuts for capital and the rich has completely subverted American democratic life. https://t.co/HlRZ04zVf0
— Harvey J Kaye (@harveyjkaye) June 21, 2024
The joint Trump-RNC operation raised a "jaw-dropping" $141 million in May, helped by a surge of donations in the final two days of the month following his felony conviction on May 30. The joint Biden-DNC operation raised $85 million in the month, an amount which The Associated Press characterized as "robust," albeit less than Trump's haul.
The AP's Steve Peoples wrote with seeming astonishment at Trump's fundraising success:
At almost any other time in U.S. history, a presidential candidate would have been forced to leave an election after being convicted of dozens of felonies. But in 2024, Trump's guilty verdict has instead fueled a massive fundraising surge that puts his team in a position to ramp up advertising and swing-state infrastructure just as voters begin paying closer attention to the election.
The campaign figures don't include donations made to outside groups such as super PACs, legally separate entities that are supposed to operate independently from the campaigns. The new federal filings show that billionaire Timothy Mellon gave MAGA Inc., a pro-Trump super PAC, $50 million on May 31, as Common Dreams reported Friday.
Biden's advisers say that the president still has the overall advantage in outside money. Pro-Biden super PACs and nonprofits have outspent pro-Trump groups by 50% on ads on six key battleground states, the Times reported. And Biden's billionaire supporters continue to give. Former New York City mayor and Democratic megadonor Michael Bloomberg donated $20 million to the president's campaign, anonymous sources said this week; June donations have not yet appeared in federal filings.
Pro-Trump groups are looking to catch up on ad buys now that they have more funds. MAGA Inc. just placed $30 million in airtime purchases in Georgia and Pennsylvania, the Times reported.
Both the Biden and Trump campaigns have major fundraisers scheduled for June 27 to coincide with the first presidential debate.
Presumptive Republican nominee Donald Trump outraised President Joe Biden for the second month in a row in May and brought in a total of $81 million more than Biden over April and May, federal filings released Thursday show, closing a significant gap in their war chests and sparking concerns among Democratic strategists.
Trump's joint operation with the Republican National Committee (RNC) has drawn near to Biden's cash on hand, after having lagged about $100 million at the start of April. Biden's joint operation with the Democratic National Committee (DNC) had $212 million cash on hand at the start of June, compared to Trump's at least $170 million, and possibly more, according to The New York Times, which said that Biden's edge may have "evaporated."
The filings have cast doubt on the Biden campaign's contentions that it would have a large cash advantage.
"The Biden campaign and its allies had argued that for all of the president's electoral vulnerabilities—nagging inflation, poor approval ratings, lingering concerns about his age—one clear advantage would be cash," the Times reported.
Biden's supporters expressed concern that one of the president's key advantages has been eliminated.
"It's nerve-racking to see the money race even out," Jon Reinish, an establishment Democratic political strategist, told the Times. "That was supposed to be one of Biden's real advantages. He's also been spending money for months and that doesn't seem to be moving the needle much in terms of polling. Hopefully that changes as we get even closer."
via @NYTimes THE MONEY afforded the billionaires by 50 years of class war from above and tax cuts for capital and the rich has completely subverted American democratic life. https://t.co/HlRZ04zVf0
— Harvey J Kaye (@harveyjkaye) June 21, 2024
The joint Trump-RNC operation raised a "jaw-dropping" $141 million in May, helped by a surge of donations in the final two days of the month following his felony conviction on May 30. The joint Biden-DNC operation raised $85 million in the month, an amount which The Associated Press characterized as "robust," albeit less than Trump's haul.
The AP's Steve Peoples wrote with seeming astonishment at Trump's fundraising success:
At almost any other time in U.S. history, a presidential candidate would have been forced to leave an election after being convicted of dozens of felonies. But in 2024, Trump's guilty verdict has instead fueled a massive fundraising surge that puts his team in a position to ramp up advertising and swing-state infrastructure just as voters begin paying closer attention to the election.
The campaign figures don't include donations made to outside groups such as super PACs, legally separate entities that are supposed to operate independently from the campaigns. The new federal filings show that billionaire Timothy Mellon gave MAGA Inc., a pro-Trump super PAC, $50 million on May 31, as Common Dreams reported Friday.
Biden's advisers say that the president still has the overall advantage in outside money. Pro-Biden super PACs and nonprofits have outspent pro-Trump groups by 50% on ads on six key battleground states, the Times reported. And Biden's billionaire supporters continue to give. Former New York City mayor and Democratic megadonor Michael Bloomberg donated $20 million to the president's campaign, anonymous sources said this week; June donations have not yet appeared in federal filings.
Pro-Trump groups are looking to catch up on ad buys now that they have more funds. MAGA Inc. just placed $30 million in airtime purchases in Georgia and Pennsylvania, the Times reported.
Both the Biden and Trump campaigns have major fundraisers scheduled for June 27 to coincide with the first presidential debate.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.