Trump raises $226m for campaign, outpacing Biden

WASHINGTON • President Donald Trump raised US$165 million (S$226 million) in July for his re-election campaign and shared committees with the Republican National Committee (RNC), outpacing his rival Joe Biden, who raised US$140 million last month as a record-setting pace of money continued to flood into the presidential campaign.

Mr Biden, the presumptive Democratic nominee, had outraised Mr Trump in the two previous months, the first time that he had outraised the Republican incumbent.

Mr Biden raised US$141 million in his shared accounts with the Democratic National Committee in June, compared with US$131 million for Mr Trump with the RNC.

The sums for both parties are far higher than for the campaigns four years ago, when Mrs Hillary Clinton raised US$89 million with the Democratic Party in July and Mr Trump collected US$80 million.

Both campaigns announced their duelling July figures late on Wednesday, with Mr Biden's campaign going first and Mr Trump's following soon after.

"Silent Majority Donors", wrote Mr Gary Coby, Mr Trump's digital director, on Twitter, surrounding the phrase with four American flag emojis.

Mr Biden's campaign team cheered how much of its haul it saved for the coming weeks before the Nov 3 election.

"The Biden campaign is on the march, building off the incredible momentum from this summer with another lights-out fundraising month, banking another US$50 million for the final stretch to election day," campaign manager Jennifer O'Malley Dillon said in a statement.

She added that the campaign and party entered August with US$294 million in the bank. Mr Trump's campaign said it and the party had more than US$300 million cash on hand.

"The enthusiasm behind President Trump's re-election continues to grow as July's massive fundraising totals prove," said Mr Bill Stepien, Mr Trump's new campaign manager.

The Trump campaign said that July was its biggest online fundraising month ever, as donations poured in even as Mr Trump trails Mr Biden in national and key battleground polls.

NYTIMES

A version of this article appeared in the print edition of The Straits Times on August 07, 2020, with the headline 'Trump raises $226m for campaign, outpacing Biden'. Print Edition | Subscribe