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

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.

The full financial picture of both campaigns will be known after deep-pocketed joint fundraising committees and other allies publish their quarterly disclosures on July 15.

However, the available evidence suggests the Trump campaign achieved in May what seemed a far away goal only months ago.

Three funds connected to former President Trump published their financials on June 20. Collectively, they raised $144.2 million in May and ended the month with about $214.8 million in cash on hand.

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