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Trump reports outraising Biden campaign in April, but Dems maintain cash advantage

  • Former President Donald Trump outraised President Joe Biden for the first time in 2024.
  • It could be a sign that Trump's trial in New York may be giving his campaign a boost in fundraising.

Former President Donald Trump outraised President Joe Biden last month for the first time in 2024, a potential sign that Trump's trial in New York could be giving his campaign a boost in fundraising.

Biden's political operation announced on Tuesday in a press release that the combined campaign, joint fundraising committees and the Democratic National Committee raised $51 million in April. Trump and the Republican National Committee recently announced they raised $76 million last month.

The exact figures will be impossible to verify until July, when the joint fundraising committees for both Biden and Trump file their quarterly financial records with the Federal Election Commission.

The Republican National Committee, meanwhile, had their best month of year so far in April, as they brought in about $32 million. The Democratic National Committee slightly outraised them, however, with around $35 million booked last month.

Excluding any money from the RNC or any PACs, Trump's campaign committee reported raising $9.4 million in April. Biden's campaign committee raised $24.2 million in the same time period, according to new FEC filings released late Monday night.

The success by Trump and the RNC came the same month that the former president took part in a massive fundraiser at Wall Street veteran John Paulson's home in Florida to benefit one of his joint fundraising committees, called Trump 47.

The event raised over $50 million shared between the Trump campaign, the RNC, his political action committee Save America and over a dozen state

Read more on cnbc.com