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India On Media |
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| Politics
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| Hillary Clinton Has More Cash; Dona |
| Hillary Clinton Has More Cash; Donald Trump Forgives Loans
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| UNITED STATES OF AMERICA
, 21-July-2016
7:1:13 AM |
| 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 on Tuesday, had $41 million cash on hand compared with Clinton and the Democrats' $52 million.
New campaign finance reports released on Wednesday 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.
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