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.
It wasn’t due to poor fundraising on the incumbent’s part — Biden’s campaign saw a decent fundraising rebound in May after a weak showing the month prior. But Trump’s fundraising while he was on trial in New York that month, punctuated in the final days when he was convicted, was enough to surpass Biden in campaign cash, something that had long been seen as a crucial strength of his.