President Joe Biden and the Democratic Party raised over $85 million in May, falling behind former President Donald Trump and the Republican National Committee for the second consecutive month. Trump received a significant boost with a $50 million donation to a super PAC supporting his campaign from Timothy Mellon, a prominent billionaire.
Biden's campaign reported May as its second-best grassroots fundraising month this cycle, amassing a substantial $212 million cash reserve entering June. In comparison, Trump's main committee held over $116.5 million in cash reserves by May 31, narrowing the financial gap that Biden had maintained for much of the campaign.
