Biden Edges Out Trump With $141 Million Fundraising Haul in June
(Bloomberg) -- Joe Biden's presidential campaign, the Democratic National Committee and associated state parties raised $141 million in June and brought in twice that amount for the full second quarter, topping the hauls from Donald Trump and Republicans in the those same periods.
The take is the biggest yet for either candidate during the 2020 campaign and Biden's team celebrated the news that it had edged out Trump. “Not only is this a jaw-dropping sum of money, but we once again outraised Donald Trump!! And this is before we have our final numbers!” Biden campaign manager Jen O'Malley Dillon said in an email to supporters.
The Trump campaign and the Republican National Committee raised a combined $131 million in June. Their total for the full second quarter was $266 million.
June was the second consecutive month Biden had outraised Trump. In May, the Democratic nominee brought in $81 million, while the president garnered $74 million.
The Biden campaign said that 68% of its June donors were new and the average online donation was $34. The campaign also added 2.6 million people to its email list.
Earlier: Trump Raises $266 Million in Second Quarter, Widening Advantage
The president's re-election effort has raised more than $947 million over the past two years, and has about $295 million cash on hand, it said. Biden, the DNC and related groups had raised $563.3 million through June.
Biden and Trump are both blowing out 2016 fundraising totals. Four years ago, Hillary Clinton's campaign, the DNC and state parties raised a combined $68.5 million in June. Trump and the Republicans took in $55 million that month, including $3.8 million of his own money.
©2020 Bloomberg L.P.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.