Trump Outraises Biden in May, Closes In on President’s Cash Advantage: Filings

Former President Donald Trump closed a $50 million gap in cash on hand in May after he was convicted of multiple felonies in a New York court.

(Left) President Joe Biden speaks on his economic plan for the country in Raleigh, N.C., on Jan. 18, 2024. (Right) Former President Donald Trump arrives for a rally in Sioux Center, Iowa, on Jan. 05, 2024. Eros Hoagland, Scott Olson/Getty Images

Former President Donald Trump outraised President Joe Biden in May and now likely has more cash on hand than him, too.

Financial disclosures by committees attached to the Biden and Trump campaigns, filed June 20 with the Federal Election Commission, suggest that former President Trump overtook President Biden in both fundraising and money in the bank.