Donald Trump raised $331 million in the second quarter, a fundraising haul that leaves him with more cash on hand than President Joe Biden, a development likely to intensify Democratic anxiety about the incumbent’s campaign.
That amount, raised by Trump and the Republican National Committee, surpasses the $264 million Biden and the Democratic National Committee raised in the quarter. The campaign said it now has nearly $285 million cash on hand compared to the $240 million reported by Biden — a stunning reversal in a fundraising fight that saw the president’s war chest crush his rival’s for months.
“Winning this quarter brought us a cash on hand advantage,” said top Trump campaign officials Chris LaCivita and Susie Wiles in a joint statement, jabbing at a “Biden burn rate that grows while yielding no tangible results for them.”
Trump outraised Biden in the months of April and May, the first time he won the monthly money race. But the presumptive Republican nominee fell short in June, with Biden raising $127 million to his $112 million.
Trump’s cash advantage, though, deals a blow to Biden at a time when his campaign is facing intense scrutiny from fellow Democrats in the wake of a calamitous debate that has spurred calls for him to step aside and let another candidate run.
Biden’s campaign has reacted angrily to calls from party members, lawmakers and media personalities calling for him to not seek reelection. Biden at fundraisers over the weekend sought to reassure donors that he is able to beat Trump and he plans to speak with Democratic governors on Wednesday.
