Trump Surpasses Biden in April Fundraising
In April, former President Donald Trump and the Republican National Committee raised $76 million, surpassing President Joe Biden and the Democratic National Committee's $51 million for the first time in this election cycle. This marks a significant shift in the fundraising landscape as Biden's campaign saw a slowdown compared to the $90 million raised in March. Despite this, Biden's campaign maintains a financial advantage with $192 million in cash on hand, more than double what Trump’s campaign has reported.
Trump's fundraising efforts were bolstered by several high-dollar events and major donations from sectors such as oil and gas. Meanwhile, the Biden campaign has highlighted its substantial year-to-date fundraising total of $473 million since the president launched his re-election bid. Additionally, outside groups supporting Biden have pledged more than $1 billion. While Trump's recent fundraising surge is notable, Biden's campaign still holds a considerable resource advantage as the election cycle progresses.
