New campaign reports filed Saturday reveal that President Joe Biden's campaign significantly outspent Republican rival Donald Trump last month. Biden's campaign spent over $59 million in June, leaving nearly $96 million in its bank account. In contrast, Trump's campaign spent just under $10 million, with $128 million remaining in its war chest.
The Republican National Committee raised nearly $67 million in June, surpassing the Democratic National Committee's $39.2 million. Biden's campaign aides highlight their robust ground operation in key battleground states, funded by a recent surge in donations following Biden's debate performance.
Despite concerns from some donors and Democrats about Biden's performance and calls for him to exit the race, fundraising events continue. Vice President Kamala Harris headlined a fundraiser that brought in over $2 million, emphasizing confidence in winning the election.
Should Biden step down and Harris become the nominee, campaign finance experts suggest that remaining funds would transfer to her political operation. However, legal disputes may arise over the transfer of funds without formal party nominations.
Trump's fundraising efforts have capitalized on his legal troubles, with a significant spike in contributions following his conviction in a hush money case. His joint fundraising committees reported a strong fundraising day on May 30, the day of his conviction.
Trump's campaign has focused on direct mail expenses and collaboration with conservative super PACs for field work. In contrast, the leading pro-Biden super PAC, Future Forward, ended June with nearly $122 million in funds, with notable contributions from tech industry figures.
Overall, Trump's campaign has spent less than Biden's, with a super PAC supporting Trump entering July with nearly $114 million in cash. Large donors to the pro-Trump super PAC include prominent figures such as hotelier Robert Bigelow and former Small Business Administration head Linda McMahon.
