In a presidential election, monthly campaign finance reports that document how much money a candidate takes in are a generally accepted sign of the health of the horses in the race.
From that perspective, Republican presidential nominee Donald Trump’s campaign is looking much healthier.
Figures released Wednesday show that in July, Trump secured $80 million in donations to support his candidacy and the Republican Party. Although that does not quite keep up with the $90 million that Democratic nominee Hillary Clinton reported raising in July, it is a major step up from May, a month in which Trump raised $3 million.
Advertisement – story continues below
Trump now lists $37 million in cash on hand, up for $17 million at the start of the month. His two joint fundraising committees have another $37 million in the bank.
“We are extremely proud of our 69% growth in small dollar donations which shows the broad based support of over one million donors across America,” Trump Finance Committee Chairman Steve Mnuchin said in a statement. “Our volunteers and contributors are clearly committed to electing Donald J. Trump as President in November.”
“The results from this month show the enthusiastic movement the campaign has created since we started our online fundraising efforts in June,” the statement added. “The campaign very much appreciates the broad based support, and will work hard to achieve victory in November and Make America Great Again.”
Advertisement - story continues below
Trump spent about $6 million of his own money in July, including $2 million in matched donations. All told, Trump has spent more than $56 million of his own money on his bid for the White House.
What do you think? Scroll down to comment below.