Donors who support President Biden’s re-election campaign are feeling discouraged after former President Trump’s recent success in fundraising. Trump’s recent fundraising efforts have closed the cash gap that once seemed insurmountable, leaving Biden supporters feeling disheartened.
According to a report by Politico, major Biden donors expressed their disappointment and surprise at Trump’s ability to raise significant amounts of money, erasing Biden’s cash advantage. Trump’s fundraising surged after he secured the GOP nomination and received a large donation from conservative banker Timothy Mellon.
Despite Biden’s rebounding fundraising numbers in May and receiving a $1 million donation from former New York City Mayor Mike Bloomberg, Trump and the Republican National Committee currently have more cash on hand compared to Biden and the Democratic National Committee. This shift in the money race has caused concern among Democratic strategists, especially since it comes after Trump’s conviction on felony counts in New York.
The fact that Trump, a convicted felon, is leading in fundraising is alarming to some Democrats. They are questioning how Trump is able to raise such significant amounts of money and are worried about the financial advantage he may have in the upcoming election.
Overall, Biden supporters are feeling the impact of Trump’s fundraising success and are concerned about the implications it may have on the election. The Biden and Trump campaigns have not yet responded to requests for comment on the matter.