The pace of giving to Donald Trump’s campaign and the Republican Party picked up in April, according to his advisers. But President Biden still has far more cash on hand.
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Former President Donald J. Trump has been at a financial disadvantage against President Biden, but has picked up the pace of his fund-raising.
Former President Donald J. Trump and the Republican Party out-raised President Biden and the Democrats last month for the first time in this election cycle, according to campaign officials, as Mr. Biden’s pace of fund-raising slowed significantly from March.
Mr. Trump’s advisers have said privately that his campaign, together with the Republican Party and all of their affiliated committees, raised $76.2 million in April. The Biden campaign said on Monday evening that it had raised $51 million in April with the Democratic National Committee — which was just over half as much as they raised in March, and also a touch less than they raised in February.
In filings with the Federal Election Commission on Monday, Mr. Biden’s campaign committee reported taking in $24.2 million in April, compared with $43.8 million in March.
Mr. Trump’s campaign still lags far behind in total cash on hand, the April filings show. Mr. Biden’s campaign ended April with $84.5 million on hand, holding roughly steady from the preceding month, while Mr. Trump’s campaign had $48 million in net cash on hand, up from $45 million in March.
Money raised and spent by the campaigns (in millions)
This cycle began with the announcement of former President Donald J. Trump’s campaign in November 2022 and President Biden’s in April 2023.
| Biden | Trump | |||
|---|---|---|---|---|
| April 2024 | This cycle | April 2024 | This cycle | |
| Raised | $24.2 | $182.7 | $9.4 | $124.2 |
| Spent | $25.2 | $99.5 | $6 | $76.1 |
| Net cash | $84.5 | — | $48 | — |
Figures are for the 2024 Biden and Trump presidential campaign committees as of the last day of the month. They do not include data from leadership PACs, super PACs or other associated fundraising or spending. Figures are adjusted for debt.
Source: Federal Election Commission
By Albert Sun
Mr. Trump had been widely expected to close the fund-raising gap with Mr. Biden once he secured the Republican nomination, because he can now raise money in tandem with the Republican National Committee, collecting checks of more than $800,000 per donor. Mr. Biden has been gathering such large checks for months with his party, building an overall war chest with the Democratic National Committee and their shared accounts of $192 million.
Biden and Trump campaigns compared with 2020
By the end of the 2020 cycle, Biden had raised and spent more than $1 billion, and Trump more than $700 million.
Cumulative contributions
Cumulative expenditures
Figures are for the 2020 and 2024 Biden and Trump presidential campaign committees as of the last day of the month, for the period through April 30, 2024. They do not include data from leadership PACs, super PACs or other associated fundraising or spending. Figures are adjusted for debt.
Source: Federal Election Commission
By Albert Sun
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Source: nytimes.com
