New reports indicate that former President Donald Trump and the Republican Party are intensifying their fundraising activities. However, President Joe Biden and the Democrats have maintained a significant financial advantage at the beginning of this month.
In April, the Republican National Committee (RNC) raised over $32 million, marking a 55% increase from the previous month under Trump’s newly appointed leadership. Together, the Trump campaign and the national party amassed over $88 million by the end of April, a substantial rise since Trump became the party’s presumptive nominee.
Nevertheless, despite this surge, the Democratic National Committee (DNC) reported raising almost $35.5 million in April, outpacing the RNC’s fundraising. Most notably, Biden’s campaign gathered more than 2.5 times the funds compared to Trump’s campaign: $24.1 million versus $9.4 million.
While both candidates and their respective parties filed monthly reports with the Federal Election Commission, certain affiliated fundraising committees have yet to disclose their finances, leaving a portion of the overall financial picture undisclosed.
Despite Trump’s fundraising efforts reportedly surpassing Biden’s in April, according to statements released by both campaigns, the Democratic camp maintains a significant financial advantage. Biden and the DNC began May with $146 million in cash on hand, compared to the Republicans’ $88 million.
Nonetheless, the uptick in fundraising presents encouraging news for Republicans, particularly as the party adjusts to new leadership under RNC Chair Michael Whatley and Co-Chair Lara Trump. This boost in funds follows a series of high-profile fundraisers by Trump and a focused fundraising push surrounding his trial in New York.
Meanwhile, Trump has utilized his ties with the national and state Republican parties to support his legal expenses. Most of these costs have been covered by his leadership Political Action Committee (PAC), Save America, which reported a nearly doubled fundraising amount in April compared to March, reaching $9 million. The bulk of these funds came from transfers facilitated by a joint fundraising committee associated with the RNC and state parties.
Despite the strong fundraising month for the GOP in April, Biden maintains a considerable financial lead, enabling his campaign to invest in vital resources such as field offices, organizers, and targeted communication efforts in battleground states.