Democratic presidential candidate Hillary Clinton and her party entered July with nearly $11 million more on hand than her Republican counterpart’s operations, a strong showing of fundraising as both campaigns dive into the general election.
Republican nominee Donald Trump also zeroed-out more than $47 million in personal loans he’s made to his own campaign since last year. Trump and the Republican Party, which officially selected Trump as its White House contender July 19, had $41 million cash on hand compared with Clinton and the Democrats’ $52 million.
New campaign finance reports released on July 20 reveal the state of the 2016 money race as candidates and their supportive groups turn their attention to the November election. Fundraising has historically been a key metric in a campaign’s financial health, with funds paying campaign staffers and pricey TV ads.
Despite being outraised by Clinton, Trump had more appeal among small donors. He raised more than $12.1 million from contributors giving $200 or less, since making his first-ever appeal for online contributions on June 21. That small-donor harvest was about double Clinton’s, despite Trump’s late start.
Trump’s haul comes after a disappointing May report, during which the billionaire’s campaign finished with only $1.3 million to spend. With Trump and Clinton now becoming the official nominees, they’ll be able to make use not only of their campaign funds but also much of the money raised by their respective parties.
On the GOP side, the Republican Party made up about half _ or roughly $21 million _ of the available cash on hand. For the Democrats, Clinton’s own fundraising accounted for most of the money left in the bank at the beginning of July. She had $44 million to spend.
Clinton is expected to be formally nominated next week at the Democratic National Convention in Philadelphia.
As with the 2012 election, “super” political action committees are adding to the financial might of both candidates. Outside political groups backing Clinton reported a money advantage over similar committees behind Trump.
Priorities USA, the main super PAC helping Clinton, had more than $40 million in the bank at the beginning of July after spending nearly $24 million last month, the bulk on advertising targeted at swing-state voters. It received $1 million each from the National Education Association teachers union and Working for Working Americans, the super PAC of the United Brotherhood of Carpenters and Joiners.