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US presidential election 2024
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Biden raises and spends more money than Trump in election campaign in June

  • But Donald Trump had more cash in the bank at the end of June, at US$128 million, compared with Joe Biden’s US$95 million

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Democrat presidential candidate US President Joe Biden listens as Republican presidential candidate and former US President Donald Trump speaks during their debate in Atlanta, Georgia, on June 27. Photo: Reuters
Reuters
US President Joe Biden’s election campaign last month outraised and outspent his challenger Donald Trump, according to disclosures that showed the president’s coffers initially swelling even after a disastrous debate performance.

The main campaign account for Biden, a Democrat, took in US$64 million in June and spent US$59 million, largely on campaign ads, ending the month with US$95 million in the bank, according to a filing submitted to the Federal Election Commission on Saturday.

Republican Trump’s main account reported raising US$21 million in June and spending about US$10 million, while having US$128 million in cash at the close of the month.

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Biden, 81, raised more than US$5 million in the three days following his June 27 debate against Trump, 78, in which the president stammered throughout and failed to energetically challenge Trump’s attacks, which included numerous false claims.

But this month Biden has faced a wave of calls from Democratic lawmakers to bow out of the race, and his fundraising has reportedly sagged so far in the month.

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Biden and Trump have been locked in a tight race in national polls, though Trump has led in several polls in battleground states that could determine the winner of the November 5 presidential election.
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