Biden, Trump Campaigns Set Fundraising Records in June

July 2, 2020 Updated: July 2, 2020

The 2020 presidential campaigns and fundraising committees of Joe Biden and President Donald Trump each raised the most money in a single month since their inceptions.

The Biden campaign, the Democratic National Committee, and their joint fundraising committees raised $141 million in June, according to a press release. The Trump campaign and its committees raised $131 million during the same month.

While the Biden campaign raised more than Trump’s for a second straight month, the president’s reelection campaign still holds a significant lead in total fundraising, spending, and cash on hand.

“The Trump campaign’s monumental June fundraising haul proves that people are voting with their wallets and that enthusiasm behind President Trump’s re-election is only growing,” Trump 2020 campaign manager Brad Parscale said in a statement.

Biden for President campaign manager Jen O’Malley Dillon said in a statement, “It’s clear that voters are looking for steady leadership, experience, empathy, compassion, and character—and they’ll find all of these qualities in Vice President Joe Biden.”

The Republican National Committee and the Trump campaign have raised a total of more than $985 million since early 2017, consistently outpacing the totals for the DNC and President Barack Obama during the 2012 election cycle.

During the same point in time in the 2016 election, the Trump campaign had raised $68 million and the Hillary Clinton campaign had raised $250 million. 

Biden led Trump by 9.3 points on July 2 in an average of polls maintained by Real Clear Politics. On the same date during the 2016 presidential election, Clinton led Trump by 4.5 points.

The Trump campaign recorded a single-day fundraising record of $14 million on the president’s birthday, June 14. The Biden campaign raised $7.6 million during a virtual fundraiser with Obama on June 23.

Biden is the presumptive Democratic nominee. He is expected to be formally nominated during the Democratic National Convention scheduled for Aug. 17 to 20. 

The 2020 campaigns for both Trump and Biden were on a virtual pause for roughly three months due to the outbreak of the CCP virus, commonly known as the novel coronavirus. Trump held the first campaign rally since the beginning of the outbreak, in Tulsa, Oklahoma, on June 20. Biden has held a series of virtual events and given speeches to small audiences.

Biden has agreed to three debates with Trump before the presidential election on Nov. 3.

In recent weeks, Biden has focused on criticizing Trump’s response to the CCP virus pandemic. Trump has focused his criticism on Biden’s record with China and Russia as well as his position on illegal aliens, among other issues.

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