President Trump and Joe Biden election teams claimed an increase in fundraising

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US President Donald Trump and his election team are working hard for upcoming elections. But, the former Vice President Joe Biden has now bested President Donald Trump once again in fundraising for a second consecutive month after pulling in a record $140 million in June 2020. Biden has enjoyed staggering fundraising levels after signing a joint agreement with the Democratic National Committee in late April. Trump has had a similar agreement with the Republican National Committee throughout the entirety of the 2020 campaign season. Biden’s campaign and the DNC raised $60.5 million compared to Trump and the RNC pulling in $61.7 million after signing the joint fundraising agreement in April. He Biden broke ahead in May, raising $80.8 million with the help of the DNC while Trump and the GOP drew $74 million in donations.

Point to be noted that both campaigns have reported major increases in their fundraising hauls in the month of June. Moreover, Biden was still on top with a reported $141 million, $10 million more than Trump. His campaign said 68% of the former vice president’s donors were new and a total of 2.6 million people were added to its list. Trump campaign also released its June fundraising levels ahead of the Biden campaign’s announcement, seemingly believing it had bested the Democrats. The Chairwoman of the RNC, Ronna McDaniel said, “After yet another haul of record-breaking support, the voters are speaking loud and clear, they support President Trump”.

McDaniel added, “Joe Biden remains hidden in his basement, President Trump is leading this country to a Great American Comeback that will reignite our economy, restore law and order, and usher in a new era of strength”. The Biden campaign released its own statement and the campaign manager Jennifer O’Malley Dillon said, “There’s real, grassroots energy for Joe”. It is noteworthy that Biden has built his fundraising momentum in the midst of a global pandemic, as criticism mounts over the Trump administration’s response to the Covid-19 outbreak, and cases continue to rise in many parts of the country. The Trump campaign was formerly expecting to have an edge on the Biden campaign in large part thanks to a predicted advantage in fundraising.