Presumptive Democratic presidential nominee Joe Biden, ahead in national and many swing-state polls, also has pulled in front of President Trump in the monthly money race, outraising the president by about $7 million in May, according to the campaigns.
Mr. Trump’s campaign and the Republican National Committee announced Saturday that they’d collected $74 million last month. Mr. Biden’s campaign and the Democratic National Committee said earlier that they had raised a combined $81 million over that span. Mr. Biden’s May haul outpaced former President Obama’s re-election fundraising in the same month in 2012 by about $20 million.
Campaign finance reports, detailing the ways the two raised and spent money in May, are due to the Federal Election Commission by the end of Saturday.
Mr. Trump’s allies reported about $265 million in available cash. Mr. Biden’s campaign and the DNC haven’t disclosed their latest cash-on-hand number, but the entities had about $100 million in the bank at the end of April, earlier fundraising reports show.
The Trump and Biden election efforts had raised about the same amount in April; Mr. Trump and the RNC brought it $61.7 million, while Mr. Biden and the DNC collected $60.5 million.
The coronavirus pandemic brought in-person political fundraising and campaign events to a halt in mid-March as most states issued stay-at-home orders.
Mr. Trump has begun getting back on the campaign trail, with a Saturday rally in Tulsa after some private fundraising events. His campaign and the RNC raised about $10 million at a recent Dallas event and $3 million at his golf club in New Jersey last weekend, according to the RNC.
“There is definitely pent-up excitement for in-person fundraisers,” RNC spokesman Michael Ahrens said in a statement.
The Trump campaign broke a record by raising $14 million online last Sunday, the president’s 74th birthday, the RNC and the Trump campaign said.
Mr. Biden hasn’t resumed in-person fundraisers, but his money quest has featured the Democratic Party’s biggest names in Zoom virtual events.
Fundraisers last month included one with former Democratic presidential nominee Hillary Clinton and one with Pete Buttigieg, the former mayor of South Bend, Ind., and a 2020 presidential primary candidate.
So far in June, Mr. Biden’s campaign brought in $6 million during a fundraiser hosted by Massachusetts Sen. Elizabeth Warren, $3.5 million from one with California Sen. Kamala Harris and $8.4 million from climate-focused donors, according to the campaign. Mr. Obama is set to host his first fundraiser for his former vice president on Tuesday.
Mr. Biden has invested some of the campaign’s money in new television, radio and print ads, announcing Thursday that it is spending $15 million on five weeks of advertising in six states that Mr. Trump won four years ago, including Florida and Wisconsin.
One goal of the ad blitz is to reach voters who flipped from backing Mr. Obama in 2012 to Mr. Trump in 2016, according to a Biden campaign memo reviewed by The Wall Street Journal. Some ads will appear on Fox News and during Nascar events, as well as in parts of the Florida panhandle, the memo said.
The television push is Mr. Biden’s first of the general election, though his campaign also has spent about $16 million on digital ads since the beginning of March, when he began wrapping up the Democratic nomination, according to advertising tracker Kantar/CMAG.
Mr. Trump’s campaign has spent about $40 million on TV, radio and digital ads since the beginning of March, Kantar/CMAG data show.
Write to Julie Bykowicz at julie.bykowicz@wsj.com
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