Former President Donald Trump raised approximately $130 million in August, his campaign announced on Wednesday evening.
This figure represents a slight drop from the nearly $140 million he raised in July, following a major fundraising push initiated after a failed assassination attempt on July 13.
The campaign of Vice President Kamala Harris has not yet released its August fundraising numbers, but it is expected to surpass Trump’s total. Harris’ campaign manager, Jen O’Malley Dillon, stated in a memo on August 25 that the vice president had raised $540 million since President Joe Biden withdrew from the race on July 21, including $82 million during the week of the Democratic National Convention.
Read: Harris And Trump Neck-And-Neck As Presidential Race Tightens, Quinnipiac Poll Finds
“With Republicans united and more Independents and disaffected Democrats joining us, the Trump-Vance campaign is gaining momentum in the final stretch of this race,” Trump Campaign senior advisor Brian Hughes said in a press release. “These August fundraising numbers reflect that movement, and they will help drive the America First movement back to the White House to correct the disastrous policies of Harris and Biden.”
Despite the Trump campaign’s optimistic tone, concerns are growing within Republican leadership about a significant financial disparity between the two parties. Democrats currently hold a significant advantage in advertising spending in nearly all competitive Senate races, and the Congressional Leadership Fund, a key Republican super PAC, trails its Democratic counterpart by $70 million in ad spending, according to Politico.
Read: Trump Camp Launches Unprecedented Surrogate Operation To Promote Agenda 47
“The only thing standing between us and a successful November is the massive financial gap we’re facing,” said Jason Thielman, executive director of the National Republican Senatorial Committee, in a previous statement to the Daily Caller News Foundation. “We are on a path to win the majority, but unless there’s a major change in the next six weeks, we could lose seats that should be winnable.”
Republican state parties in key battleground states such as Arizona and Wisconsin, where crucial legislative races are set to take place in November, have also been outraised and outspent by their Democratic rivals.
Before Harris replaced Biden as the Democratic nominee, the Trump campaign had managed to overcome the Democrats’ financial advantage, according to Politico. The Trump team reported having $295 million in cash on hand at the end of August.
Read: Chris Cuomo Says He Thinks Trump Shouldn’t Face Prosecution ‘In The Middle Of An Election’
The average donation to Trump’s campaign was $56, with 98% of contributions being under $200, according to the campaign’s figures.
Trump has experience running campaigns at a financial disadvantage, having defeated Hillary Clinton in 2016 despite being heavily outspent, and coming close to winning re-election in 2020 despite facing a 3-to-1 cash disadvantage in the final month of the race.
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