Trump overtakes Biden in fundraising race

Trump overtakes Biden in fundraising race
Trump overtakes Biden in fundraising race

It’s a “warning”, underlines the site Politico. Joe Biden’s fundraising operations plummeted in April, a potentially worrying sign for the outgoing president “lagging behind in the polls and struggling to generate enthusiasm among his supporters”, recalls the information site.

Former President Donald Trump and the Republican Party actually raised more money than President Biden and the Democrats last month, “for the first time since the start of the electoral campaign, while Joe Biden’s collection rate has slowed considerably compared to the month of March”, recalls on his side The New York Times.

According to Trump’s advisers,e candidate as well as the Republican Party and all their affiliated committees, “reportedly raised $76.2 million in April.” While [les responsables de] Joe Biden’s campaign said they and the Democratic National Committee raised $51 million in the same month, “barely more than half of the record amount collected in March”, notes the daily.

Country Treasures

Trump nevertheless remains behind when considering the total amount of funds available in his campaign treasury. Joe Biden’s campaign actually ended the month of April with $84.5 million available, roughly the same amount as the previous month; while Donald Trump’s campaign has $48 million in cash, up from $45 million in March.

Among the possible explanations for these disparities, the fact that “Trump can now fundraise in tandem with the Republican National Committee,” but also his criminal trial, which constitutes a sort of springboard for collecting money, even if “the candidate’s campaign team also continues to shell out millions in legal fees,” continues New York Times.

On the Democratic side, on the other hand, certain large traditional donors to the party are now publicly warning Joe Biden that his position of support towards Israel “threatens his re-election”, explains it Financial Times. Among them George Krupp, a megadonor who urges the American president to stop all arms deliveries to Israel “for both political and humanitarian reasons”, considering that the delays of the tenant of the White House vis-à-vis the Israeli Prime Minister are “a real disaster for his campaign”. But “other megadonors warn the tenant of the White House of the opposite effect”, however, nuance the British economic daily.

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