In February, former President Donald Trump’s campaign and joint fundraising committee collectively raised $20.3 million, leaving them with a combined $41.9 million cash on hand, as per a Trump campaign official. However, these figures fall significantly short of the $53 million raised by President Joe Biden and the Democrats in the same month, and the colossal $155 million in available cash that Biden’s team and its affiliated committees claim to have accumulated.
The February figures released by Trump’s team show a rise from previous months. In January, the campaign alone raised $8.8 million, according to federal records. When combined with the joint fundraising committee, the total for January was just under $14 million.
A Federal Election Commission (FEC) filing on Wednesday night revealed that nearly $11 million of the combined total was directed to Trump’s campaign committee, which reported having $33.5 million in available cash at the end of February. The joint fundraising committee is expected to report its contribution and spending details to the FEC next month.
As the former president is the presumptive Republican nominee, Trump’s campaign had been anticipating a boost in fundraising. Over the past few weeks, Trump has been engaging with donors to increase his campaign funds, which have been significantly trailing behind Biden’s. A Trump fundraiser scheduled for next month in Palm Beach, Florida, is attracting some of the Republican Party’s wealthiest donors, indicating a potential fundraising revival for the former president.
Trump’s campaign is now less worried about Biden’s fundraising lead than it was at the end of January. Trump’s advisers believe that his status as the presumptive nominee will help to further increase fundraising in the coming weeks and months.
On Wednesday, the Republican National Committee (RNC) reported that it had approximately $11.3 million in available cash in its bank accounts at the end of February. As the presumptive nominee, Trump can now utilize the party’s resources for his general election battle with Biden. He recently initiated a takeover at the RNC, with his endorsed candidates Michael Whatley and Lara Trump, the former president’s daughter-in-law, being elected to serve as the organization’s chair and co-chair, respectively.
David Wright from CNN contributed to this report.