Biden outraises and outspends Trump in June as questions loom about the president’s political future
President Joe Biden outraised – and dramatically outspent – the campaign of Republican rival Donald Trump last month, new campaign reports filed Saturday show, raising questions about how long the president’s political team can operate at full throttle if donations dry up.
Some of the Democratic Party’s big-dollar donors have raised alarms about Biden’s poor performance at last month’s presidential debate, and he faces growing calls from elected officials to abandon his bid for a second White House term.
Biden’s campaign stepped up its spending in June, the new filings with the Federal Election Commission show, plowing through more than $59 million as it advertised heavily. His principal campaign committee entered July with nearly $96 million remaining in its bank account – a substantial sum but not enough to sustain June’s blistering spending pace for long without fresh cash infusions.
By contrast, Trump’s campaign spent just shy of $10 million, leaving $128 million in its war chest.
