Joe Biden’s presidential campaign says that it and the Democratic National Committee (DNC) and their joint fundraising committees combined brought in $140 million in last month.
and their joint fundraising ventures have yet to announce their July fundraising figures. They brought in a combined $131 million in June, which was also a record. The Trump campaign and the RNC had $295 million cash on hand at the end of June.
The president’s been raising money for his re-election bid since entering the White House three and a half years ago. And the re-election effort’s hauled in an unprecedented $947 million the past two years. The former vice president – who declared his candidacy in April of last year - struggled to bring in cash for much of his campaign. He raised just $8.9 million in January and $18 million in February. But he saw his fundraising spike starting in March, as he became the clear frontrunner for the Democratic nomination and much of the party coalesced around his White House bid. Biden become the presumptive Democratic presidential nominee in April, as his last remaining primary rival – Sen.
“The Biden campaign is on the march, building off the incredible momentum from this summer with another lights-out fundraising month, banking another $50 million for the final stretch to election day,” campaign manager Jen O’Malley Dillion said in a statement. The Biden campaign surge in fundraising the past couple of months has helped it narrow the Trump campaign’s once-massive cash on hand advantage. And it’s allowed the Biden campaign in recent weeks to match the Trump campaign in ad spending in the key general election battleground states.
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