In 2nd quarter, Trump raises $331M, Biden raises $264M for campaigns

FILE - President Joe Biden, right, and Republican presidential candidate former President Donald Trump, left, during a presidential debate hosted by CNN, June 27, 2024, in Atlanta.

Republican presidential candidate Donald Trump's campaign raised $331 million in the second quarter, it said on Tuesday, topping the $264 million President Joe Biden's campaign and its Democratic allies raised in the same period.

Biden's total, which covers April through June, included $127 million raised in June and a record fundraising haul among small-dollar donors on the day of Biden's widely panned debate against Trump, Biden's campaign said.

The president's reelection effort has $240 million in cash on hand, the campaign said.

The Trump campaign said it added $111.8 million in June and has $284.9 million in cash on hand.

Biden's team is eager to show fundraising strength after the president's debate performance, which prompted calls from some Democrats for him to step aside as the party's presidential candidate.

Thursday was the best day of fundraising from small-dollar or grassroots donors to the campaign, followed by Friday, when concern about the debate was causing waves of panic through Democratic circles, the Biden campaign said.

In the second quarter, 95% of donations were less than $200, a point the campaign underscored as broad support from average Americans instead of heavy reliance on wealthy donors.

The total fundraising figures include donations to the Biden campaign, the Democratic National Committee and joint fundraising committees.

Trump's campaign said its fundraising operation continues to thrive alongside growing voter enthusiasm for the Republican candidate.

"This fundraising momentum is likely to grow even more as we head into a world-class convention and see the Democrats continue their circular firing squad in the aftermath of Biden's debate collapse," Trump campaign advisers Chris LaCivita and Susie Wiles said in a statement.