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US elections: Donald Trump’s campaign reports raising $130 mn in August | World News

Donald Trump

Donald Trump

Reporting $327 million on hand at the start of August, Trump advisers said the campaign ended the month with $295 million cash on hand | Photo: Bloomberg

2 min read Last Updated : Sep 05 2024 | 8:27 AM IST

Donald Trump’s campaign says that it brought in $130 million in August, not as much as the month prior but a figure that his advisers said put the GOP nominee in good position for the remaining two months of the general election campaign.

Most of that figure 98 per cent came in the form of donations under $200, Trump’s campaign said Wednesday, with an average donation of $56.

The fundraising release comes as the general election battle between Trump and Vice President Kamala Harris hits its peak. It was just over six weeks ago that President Joe Biden ended his reelection bid and elevated Harris to the top of the Democratic ticket.

Trump has proven to be a prolific fundraiser, but the newness of Harris’ bid has prompted a boost in cash from Democratic donors.

Harris’ campaign hasn’t yet put out its fundraising figures for August. But in the five-week period that began with Biden’s departure from the race and ended the Sunday following the Democratic National Convention, Harris’ campaign said it raised $540 million.

On Tuesday, Harris’ campaign said it was sending nearly $25 million in an effort to boost Democrats’ efforts in down-ballot races, a figure the campaign said was the largest ever in a presidential cycle.

Trump’s campaign has experienced its own boons in fundraising. In July, Trump’s campaign and its related affiliates said that they had raised $138.7 million less than what Harris took in during her White House bid’s opening week.

Reporting $327 million on hand at the start of August, Trump advisers said the campaign ended the month with $295 million cash on hand.

With Republicans united and a growing number of Independents and disaffected Democrats crossing partisan lines, the Trump-Vance campaign has momentum for the final stretch of the race,” senior Trump campaign adviser Brian Hughes said in a statement. “These fundraising numbers from August are a reflection of that movement and will propel President Trump’s America First movement back to the White House so we can undo the terrible failures of Harris and Biden.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sep 05 2024 | 8:26 AM IST

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Publish date : 2024-09-04 15:56:00

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