Trump campaign reports raising $76 million in the three months ending June 30
President Donald Trump’s reelection campaign has outraised Democratic rival Joe Biden in the second quarter of 2020, reporting $76 million in donations compared to Biden’s $63 million.
The figures, released by the campaigns on Wednesday, July 1, show that Trump continues to have a significant financial advantage over Biden, who has struggled to keep pace with the president’s fundraising operation.
Trump’s campaign has benefited from a large number of small-dollar donations, with more than 2 million people giving less than $200 each. Biden, on the other hand, has relied more on donations from wealthy donors, with around 500 people giving the maximum $2,800.
The fundraising totals come as Trump and Biden are locked in a close race for the White House. The latest polls show that the two candidates are essentially tied, with Trump holding a slight lead in some surveys.
The fundraising figures suggest that Trump will have a significant financial advantage over Biden in the final months of the campaign. The president’s campaign has already spent more than $100 million on advertising, and it is likely to spend even more in the coming weeks.
Biden’s campaign has said that it is confident it will be able to raise enough money to compete with Trump. The campaign has set a fundraising goal of $1 billion for the entire election cycle.
The second-quarter fundraising totals are just one piece of the puzzle when it comes to predicting the outcome of the election. However, they do suggest that Trump will have a significant financial advantage over Biden in the final months of the campaign.
Key Findings
* Trump raised $76 million in the second quarter, while Biden raised $63 million.
* Trump has a significant financial advantage over Biden.
* Trump’s campaign has benefited from a large number of small-dollar donations.
* Biden has relied more on donations from wealthy donors.
* The fundraising totals suggest that Trump will have a significant financial advantage over Biden in the final months of the campaign.
Kind regards E. Thompson.
