President Trump's campaign has raised $331 million in the year's second quarter, surpassing the $264 million raised by Biden's reelection campaign and the Democratic National Committee.
The fundraising gap eliminates Biden’s cash advantage and will not help to ease the fears of his allies and supporters after last week’s disastrous debate performance.
Trump's campaign reports ending the quarter with $284.9 million in cash on hand, compared to Biden's $240 million.
“President Trump's campaign fundraising operation is thriving day after day and month after month,” said senior advisers Chris LaCivita and Susie Wiles, highlighting that Biden's higher advertising spending hasn't made a significant impact.
Trump’s team noted that Biden's campaign had far higher spending on advertising, which achieved little net benefit, while Trump consolidated his support with a tightly focused campaign. They anticipate increased fundraising momentum leading up to the convention and ongoing Democratic struggles following Biden's debate performance.
