Friday, June 21, 2024

“Fundraising explosion”, “jaw-dropping”, “stunning”

Trump dwarfs Biden in latest fundraising numbers in show of political force after felony convictions


Donald Trump’s campaign outraised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump’s felony convictions.
The Trump campaign and the Republican National Committee said it raised a jaw-dropping $141 million in May, including tens of millions donated immediately after Trump was convicted of 34 felonies in the New York hush money case. At the same time, billionaire Timothy Mellon donated a stunning $50 million to a pro-Trump super PAC the day after Trump’s guilty verdict, according to the filings.
Taken together, the numbers detailed in the campaigns’ latest Federal Election Commission filings suggest Democrats may still maintain a cash advantage in the 2024 presidential contest. But almost four months before Election Day, Trump’s side is closing the gap — if it isn’t closed already.
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.