Biden Campaign Likely Loses “Cash on Hand” Advantage Following Trump Fundraising Surge

  • by:
  • Source: Bongino
  • 06/05/2024

Biden Campaign Likely Loses “Cash on Hand” Advantage Following Trump Fundraising Surge

  • by:
  • Source: Bongino
  • 06/05/2024

The surge in donations following the conviction of Donald Trump has almost certainly completely wiped out the Joe Biden campaign’s advantage in “cash on hand,” which it’s maintained a sizeable lead against the Trump campaign for the entirety of the race - until now. 

As the Washington Examiner reports:

Biden had outraised Trump before his predecessor started making up ground in April, post-primary. But despite Trump’s legal costs, Biden’s cash on hand advantage could be gone. The Trump campaign claims the former president and Republican National Committee raised $141 million last month, including $53 million during the first 24 hours after last week’s conviction. 

At the end of April, the Trump campaign had $49 million in cash on hand, to the Biden campaign’s $84.5 million. 

This new cash advantage for Trump is also despite the fact that the political action committees MAGA PAC and Save America have been forced to spend roughly $100 million so far on the politically motivated legal cases brought against him. 

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