What we learned about Joe Biden and Donald Trump from their latest fundraising numbers
Biden and the Democratic National Committee hit an all-time monthly fundraising record in May, bringing in $80.8 million. That total topped Trump and the Republican National Committee, which together raised $74 million over the same period.But Trump — who has been able to jointly fundraise with the Republican Party at higher levels as the Republican presidential nominee for months — leads Biden in cash on hand, $265 million to $122.
The president’s campaign and the RNC far outpaced Biden and the DNC in spending in May. Trump’s team spent about $46.5 million during the month, while Democrats spent about $24.1 million — a reflection of Trump's significant cash-on-hand advantage over Biden, who became the presumptive Democratic nominee two months ago.
The RNC spent over $1 million on “legal and compliance services” during the month, including nearly $200,000 to “Alan Dershowitz Consulting LLC."
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