The previous month, Republicans raised a record number of donations in three and a half years, The Washington Post reported. At the same time, Democrats are losing donors due to Biden’s failure at the debate and doubts about his election victory.
June was the best fundraising month for Trump in three and a half years, The Washington Post reports. The Republican National Committee reported receiving more than $66 million in donations, so it had $102 million in cash on hand at the end of the month – twice as much as in May.
This success for the Republicans serves as a bad sign for their rivals: they raised only $39 million for June and reported $78 million in reserve. Biden’s failure at the debate sowed panic among Democrats and doubts about his ability to beat Trump. As a result, some major donors have suspended funding for advertising campaigns to promote the president’s candidacy.