In a dramatic show of financial power, former President Donald Trump's campaign has outpaced President Joe Biden’s fundraising efforts in the second quarter, raising $331 million to Biden's $264 million. This development intensifies the race as concerns mount over Biden's debate performance and its impact on his supporters.
Loyal supporters of former President Donald Trump’s White House bid have shown their support financially. His campaign announced on Tuesday that it raised $331 million in the year's second quarter, surpassing President Joe Biden's campaign, which collected $264 million during the same period.
The Associated Press reported that this figure eliminates Biden’s cash advantage and exacerbates the concerns of his supporters following his poor performance in last week’s presidential debate.
According to the AP report, Trump’s total includes $111.8 million raised in June, slightly less than Biden’s $127 million for the same month. Biden's total includes over $33 million raised on the day of the debate and immediately afterward.
Trump’s campaign also stated that it ended 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,” senior advisers Chris LaCivita and Susie Wiles said in a statement.
They highlighted that the incumbent’s campaign had higher spending on advertising, which yielded little net benefit, while Trump consolidated his support through a focused campaign.
“This fundraising momentum is likely to grow even more as we head into a world-class convention and see the Democrats continue their circular firing squad in the aftermath of Biden’s debate collapse,” they added.
Biden campaign manager Julie Chavez Rodriguez praised their fundraising totals, calling them “a testament to the committed and growing base of supporters standing firmly behind the president.”
Meanwhile, Democrat donor Whitney Tilson criticized Biden for “deceiving” voters about his mental fitness following his debate performance. Tilson, a Wall Street investor who previously supported Hillary Clinton in the 2016 election, expressed to the New York Post that he felt “deceived” about Biden’s health and suggested considering a replacement candidate.
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