You are here: Home » News-IANS » Politics
Business Standard

Trump's re-election campaign raised more than $30mn

Topics
Politics

IANS  |  Washington 

US President Donald Trump's re-election campaign has raised more than $30 million in the first fundraising quarter of 2019, a top official has confirmed

Trump's re-election effort now has a substantial $40.8 million remaining in the bank, Tim Murtaugh, the campaign's director of communications, told CNN on Sunday.

While Trump builds a massive war chest, 18 Democrats -- with more considering bids -- are competing for their party's nomination.

Vermont Senator Bernie Sanders leads Democratic fundraising with $18.2 million raised during a shorter window than Trump, 41 days. In the second fundraising slot is California Senator Kamala Harris with $12 million.

Sanders, making his second bid for the presidency, has the biggest war chest of the Democratic field, ending March with $28 million remaining in the bank.

The 10 Democrats who have announced first-quarter fundraising numbers so far have collected a combined $79.6 million -- already surpassing the $65.6 million the entire Democratic presidential field had collected during the early months of the 2016 election cycle.

Even more Democratic totals will come on Monday when candidates file reports with the Federal Election Commission.

Another sign of Democratic donor enthusiasm: South Bend, Indiana, Mayor Pete Buttigieg, who exceeded expectations with a $7 million first-quarter haul for his exploratory committee, raised $1 million within hours of formally launching his presidential campaign on Sunday, his spokeswoman Lis Smith announced on Twitter

Trump, who built his unorthodox 2016 campaign on online, small-dollar donors, never stopped running for office. He filed his paperwork for re-election on the day he took the oath of office in January 2017, CNN reported.

He continues to tap grassroots donors for support. His campaign said that nearly 99 per cent of donations were $200 or less, with an average contribution of $34.26.

Trump's first-quarter haul exceeds the $21 million his campaign and affiliated committees brought in during the last three months of 2018. But it does not set records for a presidential fundraising quarter.

Former President Barack Obama, who did not begin collecting money in earnest for his re-election until April 2011, raised nearly $47 million during the first three months of actively campaigning for a second term.

--IANS

ksk

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 15 2019. 08:28 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU