Biden reelection effort raises $85 million in May, but trails Trump’s massive haul
President Joe Biden's reelection effort and the Democratic National Committee raised a combined $85 million in May, according to exclusive data provided to CNBC by the Biden campaign. The sum marks the president's second-best month this cycle for fundraising, behind only March. Still, it trailed significantly behind the $141 million that former President Donald Trump's political operation and the Republican National Committee claim to have raised the same month. The May fundraising left the Biden campaign and allied groups with $212 million in cash on hand at the end of the month, the data shows, up from $192 million at the end of
