US Election 2024: Donald Trump beats Joe Biden for now in neck-to-neck fundraising battle
Joe Biden's re-election campaign concluded in June with approximately $20 million in funds, financial disclosures have revealed. This places him slightly behind Republican front-runner Donald Trump, who reported a sum exceeding $22 million. The disclosed financial data points towards an impending competitive monetary contest leading up to the presidential election scheduled for November 2024.
President Biden, compared to previous re-election campaigns, has accumulated a smaller war chest at this stage. For instance, at the same point in 2011, Democrat Barack Obama possessed $37 million while Trump boasted over $56 million in June 2019. It is important to note that the disclosed funds represent a substantial portion of the campaign's financial resources.
However, these figures do not encompass the funds raised by allied super PACs, which typically amass significant amounts from affluent donors. Detailed information regarding their financials is expected to be disclosed later in July. In a recent announcement, Biden's campaign revealed that when incorporating the Democratic Party's accounts, their collective funds amounted to $77 million in reserve.
These funds will undoubtedly play a pivotal role in supporting the President's re-election efforts. President Biden, a Democrat, is widely seen as the frontrunner in the Democratic nomination race, with no serious challenges expected. However, two challengers, anti-vaccine activist Robert F.
Kennedy Jr. and self-help guru Marianne Williamson have reported their fundraising figures. Kennedy Jr. managed to raise an impressive $6 million through June while Williamson received less than $1 million in donations.
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