Tuesday, June 21, 2016

Trump entered June with just $1.3 million in the bank, while Clinton sat on $42 million war chest


Presumptive Republican nominee Donald Trump loaned his campaign $2.2 million in May and collected $3.1 million in donations, ending the month with less than $1.3 million in the bank, according to new campaign finance filings.
The real estate mogul's meager cash flow spotlighted the urgent need for him to dramatically ramp up the fundraising he is doing in conjunction with the Republican National Committee, a task he has fitfully embraced.
Trump's small haul came as presumptive Democratic nominee Hillary Clinton continued to stockpile money: She raised more than $28 million in May and started June with $42 million in cash. Clinton brought in nearly a third of her campaign funds last month through the Hillary Victory Fund, a joint fundraising committee with the Democratic National Committee and 32 state parties.
The billionaire developer has now loaned his campaign $45.7 million and given it $400,000 more, while collecting $17 million in contributions. In late May, Trump set up two joint fundraising committees with the RNC, a move that was supposed to help him and the party tap into a gusher of cash. But GOP fundraisers have said it has been difficult to line up donors to bundle checks from their friends and family.

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