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Trump raised so much last month he erased Biden’s cash advantage
Trump’s fundraising while he was on trial in New York, punctuated in the final days when he was convicted, was enough to surpass the incumbent Democrat when it comes to campaign cash.

Former President Donald Trump’s huge May fundraising haul erased President Joe Biden’s longstanding cash advantage as the two gear up for a rematch.

Trump’s campaign had $116.6 million in the bank at the end of May, compared to $91.6 million for Biden.

After months of a relatively sleepy start, the real money race has begun.

Those are among the takeaways of the campaign finance reports filed by presidential campaigns, party committees and a handful of other groups on Thursday. The reports covered all activity for the month of May.

Biden was counting on a cash advantage. Trump wiped it out.

Trump’s campaign and the Republican National Committee said they raised $141 million in May, a figure that included the significant fundraising boost after the former president’s criminal conviction on hush money charges. (The full breakdown behind that number won’t be available until mid-July, when Trump’s joint fundraising committees file their own reports.)

But the former president’s campaign filing Thursday showed a significant surge in the final two days of the month — the day the jury handed down a guilty verdict and the day after.

Just looking at large-dollar donations, the campaign reported receiving at least six times as many daily donations those two days compared to a typical day. And the fundraising spike was likely even greater, considering that doesn’t include unitemized donations of less than $200 or any donations that the joint fundraising contributions hadn’t yet transferred.

The incumbent president’s campaign also spent more than $30 million, according to its report filed late Thursday, up from $25 million the previous month and nearly four times as much as Trump’s campaign spent over the same period.