Donald Trump’s campaign announced it raised $331 million in the second quarter of 2024, outpacing President Joe Biden’s $264 million for the same period. The fundraising figures, which cover April through June, include a remarkable $111.8 million addition for Trump in June alone, leaving his campaign with $284.9 million in cash on hand.
President Biden’s campaign, along with its Democratic allies, raised a total of $264 million in the second quarter. This included $127 million in June, with a notable spike from small-dollar donations on the day of Biden’s debate against Trump. Despite facing criticism over his debate performance, which led to calls from some Democrats for him to step aside, Biden’s campaign highlighted the robust support from grassroots donors, with 95% of donations under $200.
Biden’s campaign manager, Julie Chavez Rodriguez, emphasized the broad support from average Americans. “Our Q2 fundraising haul is a testament to the committed and growing base of supporters standing firmly behind the President and Vice President and clear evidence that our voters understand the choice in this election between President Biden fighting for the American people and Donald Trump fighting for himself as a convicted felon,” she said.
The Biden campaign currently has $240 million in cash on hand and is investing heavily in over 200 campaign offices and more than 1,000 staff in key battleground states. These states are crucial for Biden’s strategy to secure a victory over Trump in the upcoming November election.
Meanwhile, Trump’s celebrated its fundraising success, pointing to growing voter enthusiasm and the continued momentum of their financial operation. Campaign advisers Chris LaCivita and Susie Wiles noted, “This fundraising momentum is likely to grow even more as we head into a world-class convention and see the Democrats continue their circular firing squad in the aftermath of Biden’s debate collapse.”