Biden had $240 million cash on hand at the end of the quarter.
Biden's campaign raised $264 million in Q2 2024.
Former President Trump's campaign raised $331 million in Q2 2024.
Trump ended the quarter with $284.9 million cash on hand.
In the second quarter of 2024, former President Donald Trump's campaign outraised President Joe Biden's campaign and the Democratic National Committee with a reported total of $331 million. This figure surpassed Biden's reported haul of $264 million, eliminating his cash advantage.
Trump's campaign ended the quarter with $284.9 million cash on hand, compared to Biden's $240 million. In June alone, Trump raised an impressive $111.8 million.
Despite these impressive numbers, it is important to note that both campaigns have reported their financial data and the accuracy of these figures should be verified through official reports filed with the Federal Election Commission.
Trump's campaign has historically relied on large donations from individuals contributing $200 or more, while Biden's campaign saw 42% of its donations coming from small donors under $200.
The fundraising momentum for Trump is expected to continue as the Republican National Convention approaches and the Democrats face internal challenges following Biden's debate performance.
Donald Trump’s campaign outraised President Joe Biden in the year’s second quarter, with a reported haul of $331 million.
Trump’s campaign reports that it ended the quarter with $284.9 million cash on hand, compared with $240 million reported by Biden.
Accuracy
Donald Trump's campaign outraised President Joe Biden in the year's second quarter, with a reported haul of $331 million.
Trump's campaign reports that it ended the quarter with $284.9 million cash on hand, compared with $240 million reported by Biden.
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(95%)
The article reports facts about the fundraising totals of Trump and Biden's campaigns without making any fallacious statements. However, there are a few instances of inflammatory rhetoric used to describe Biden's debate performance and the state of his campaign.
][Chris LaCivita and Susie Wiles], Trump campaign senior advisers, called Biden's totals 'a testament to the committed and growing base of supporters standing firmly behind the president.'[[1]
The article states that Biden's 'disastrous debate performance' has prompted calls for him to step aside.
Former President Trump's campaign outraised President Biden's campaign and the Democratic National Committee by $67 million during the April through June 2024 quarter.
Trump's campaign and the Republican National Committee raised a total of $331 million during this period, while Biden’s campaign and the Democratic National Committee raised $264 million.
As of the end of June, Trump’s campaign had $284.9 million in cash-on-hand compared to Biden’s $240 million.
Trump raised $111.8 million in June alone, while Biden raised $127 million.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article contains selective reporting as it only reports fundraising numbers that support Trump's campaign and omits any mention of Biden's achievements before the debate. The author also uses emotional manipulation by implying that Biden is in trouble and facing 'panic' within the Democratic Party due to his performance in the debate.
But boosting the June fundraising to higher heights was the $33 million the campaign says was raised last Thursday through Saturday, the day of the first presidential debate and the following two days. And the Biden campaign showcased that their single best hour of fundraising this cycle came during the 11pm to midnight eastern hour on Thursday, immediately after the end of the debate with Trump in Atlanta, Georgia.
Despite Biden spending nearly $120 million on tv, cable and radio alone, polling and voter enthusiasm continue to grow for President Trump.
Biden hauled in $127 million in June fundraising, topping the $111.8 million Trump raised last month.
The former president’s campaign announced on Tuesday that it and the Republican National Committee hauled in a staggering $331 million during the April through June second quarter of 2024 fundraising, topping the massive $264 million raked in by the Biden campaign and the Democratic National Committee the past three months.
Fallacies
(85%)
The author makes several comparisons between Trump and Biden's fundraising numbers without providing context or qualifying the significance of the differences. This can be considered an appeal to numbers or a hasty generalization. The author also uses inflammatory language such as 'halting delivery', 'stumbling answers', and 'debate collapse' when describing Biden, which can be considered inflammatory rhetoric.
Trump’s campaign announced on Tuesday that it and the Republican National Committee hauled in a staggering $331 million during the April through June second quarter of 2024 fundraising, topping the massive $264 million raked in by the Biden campaign and the Democratic National Committee the past three months.
Biden hauled in $127 million in June fundraising, topping the $111.8 million Trump raised last month.
But boosting the June fundraising to higher heights was the $33 million the campaign says was raised last Thursday through Saturday, the day of the first presidential debate and the following two days. And the Biden campaign showcased that their single best hour of fundraising this cycle came during the 11pm to midnight eastern hour on Thursday, immediately after the end of the debate with Trump in Atlanta, Georgia.
Bias
(95%)
The author's statements about the fundraising totals and cash-on-hand for both Trump and Biden do not demonstrate bias. However, the author does use language that depicts Biden's campaign as wasting money and having no tangible results. This is an example of bias.
Despite Biden spending nearly $120 million on tv, cable and radio alone, polling and voter enthusiasm continue to grow for President Trump. This fundraising momentum is likely to grow even more as we head into a world-class convention and see the Democrats continue their circular firing squad in the aftermath of Biden’s debate collapse.
Trump ran a successful campaign in 2016 by holding big rallies and energizing a part of the electorate, but his team has lagged in building state-by-state infrastructure for mobilizing voters.
Trump relied on large donors ($200 or more) compared to Biden's 42% small donations (under $200)
Accuracy
In May 2022, Donald Trump and the Republican National Committee raised $141 million compared to Joe Biden and the Democratic National Committee’s $85 million.
Donald Trump’s large fundraising haul after his criminal conviction may indicate his strategy of casting himself as a victim is working.
Deception
(30%)
The article contains editorializing and selective reporting. The author makes statements that imply a certain perspective without providing evidence or facts to back up the claims. For example, she states 'it suggested Trump’s strategy of casting himself as the victim of some liberal-city conspiracy was working.' This is an opinion and not a fact. She also states 'Notably, Trump’s encouraging campaign finance news came right as Biden began to creep up in the polls.' This statement implies that there is a causal relationship between Trump's fundraising success and Biden's polling numbers, but no evidence is provided to support this claim. Additionally, the author selectively reports information by focusing on Trump's fundraising numbers while ignoring Biden's. She also states 'Both candidates will have enough cash and can raise more quickly online.' This statement is not entirely accurate as the article does mention that Biden has an edge in small donations which can be important for voter turnout.
Notably, Trump’s encouraging campaign finance news came right as Biden began to creep up in the polls.
The cascade of donations to Donald Trump and sympathetic PACs after his conviction on 34 felony counts in May has alarmed Democrats–not only because Trump and the Republican National Committee managed to erase Joe Biden and the Democratic National Committee’s cash-on-hand advantage, but because it suggested Trump’s strategy of casting himself as the victim of some liberal-city conspiracy was working.
Fallacies
(85%)
The author makes an appeal to authority by quoting Jacob Rubashkin and Sarah Bryner to support her argument that money is not the deciding factor in the election. She also uses inflammatory rhetoric by describing Trump's cash infusion as 'the ultimate middle finger to the establishment' and Biden's campaign performance as 'abysmal'.
The cascade of donations to Donald Trump and sympathetic PACs after his conviction on 34 felony counts in May has alarmed Democrats... It was the ultimate middle finger to the establishment, affirming Trump’s appeal to the American aggrieved.
But while candidates need money to run campaigns, it doesn’t necessarily win them elections. It matters where the money comes from, and how it is spent... Notably, Trump’s encouraging campaign finance news came right as Biden began to creep up in the polls.
Television advertising is a case in point... At a certain point, the airways fill up... There’s limited inventory.
The rule of thumb is that contributing at least $5 to a candidate gives voters a sense of buy-in and makes it more likely that they’ll actually turn out to vote. That’s why campaigns prize small donations.
Both Trump and Biden will have enough cash and can raise more quickly online... Both campaigns will have a lot of cash to spend.
