Former President Donald Trump raised a huge amount of money in May, erasing President Joe Biden’s long-standing financial advantage, according to the latest campaign finance reports filed with the Federal Election Commission.
The Trump campaign and the Republican National Committee raised $141 million in May, according to the filing, with a “significant increase” in the last two days of May after Trump was convicted by a New York City jury of falsifying business records. POLITICO.
These figures are for large donations only and do not include individual donations under $200 or community chests that have not yet been sent.
As of the end of May, Trump had $116.6 million in his bank accounts, compared with Biden’s $91.6 million. The Trump campaign and the Republican National Committee reported having a combined cash balance of just over $170 million, compared with just under $157 million held by Biden and the Democratic National Committee. Politico.
Biden has had a financial advantage in the past, which has led to his campaign outspending, but Trump now has funds to match Biden’s campaign, the report said.
The Republican National Congressional Committee also raised more money than the Democratic Congressional Campaign Committee for the first time this year, according to filings.
The NRCC, the campaign arm of House Republicans, raised $12.6 million, while the DCCC, the campaign arm of House Democrats, raised just $11.9 million, its second-lowest monthly fundraising total this year after January’s $9.5 million. POLITICO report.
Trump’s conviction would benefit Republicans, according to the NRCC, which noted that it raised more than $1 million from small donors in the days after the conviction.
But overall, the DCCC still has a cash advantage over the NRCC, with $78.8 million in the bank at the end of May compared with the NRCC’s $64.6 million.
The situation is similar for Senate Republicans, with the National Republican Senatorial Committee outraising the Democratic Senatorial Campaign Committee, $12.4 million to $10.6 million, in May, but the DSCC still maintains a “slight” funding advantage over the NRSC, with $48.3 million.
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