Democrats are expressing increasing concern over the fact that former President Donald Trump has caught up to, and surpassed, President Joe Biden in fundraising.
For most of the 2024 campaign, Biden had a massive financial edge over Trump, an advantage Biden donors were hoping could decide the election. Such hopes have come to naught, however, as Trump has not only closed the fundraising gap but even surpassed Biden in fundraising.
In May, according to Federal Election Commission filings, Trump’s campaign committee raised twice the amount that Biden’s did — $75.4 million compared to $37.7 million. Trump now has a larger campaign chest than Biden, at $116.6 million compared to $91.6 million.
Hank Sheinkopf, a Democratic strategist speaking with Politico, expressed astonishment at the turnaround.
“What Democrats should worry about is that it’s even within distance — that the money is going on at Trump’s side at such a clip,” he said. “You would think a guy who’s convicted of crimes would be nowhere, but he’s everywhere financially. And that is a real problem for Democrats.”
“The challenger shouldn’t even be close on the money side, especially a guy who’s convicted of felonies,” Sheinkopf added. “How is this possible, is what the