Tycoon Trump's campaign faces cash crunch and is way behind Hillary
Washington, June 21: Presumptive Republican presidential nominee Donald Trump had a meagre $1.3 million cash in his campaign account when June started, according to a campaign finance report filed on Monday (June 20).
It is said that small sum is the result of the real-estate tycoon's poor fundraising from donors in the first month which raised just $3.1 million.
The money places Trump way behind his opponent Hillary Clinton ($26.4 million) and also gives him a poor rank among all modern presidential candidates in terms of funds and campaign infrastructure. In 2012 when current President Barack Obama had locked horns with Republican Mitt Romney, the total efforts of the candidates, parties and super PACs of both the men were more than $1 billion each.
Romney, the presumptive GOP nominee then, had raised $23.4 million, much more than the amount left with Trump this year.
Moreover, when the super PACs are included, the difference between the funds of Trump and Clinto become mammoth.
Clinton's super PAC raised an additional $12.4 million besides the Democratic national Committee's $12.3 million besides her own campaign's $26.4 million---making it $103.
The combined money raised by Trump, his campaign and super PAC is just $21.7 million, five times less than that of Clinton's team.
Trump's limited funds meant he spent just $6.7 million in the month of May, down from $9.4 million in the month before. Nearly $1 million was spent in purchasing hats and other campaign merchandise, while over $800,000 were spent on travel. The campaign spent just $150,000 on media buys.
Meanwhile, Clinton's primary opponent Bernie Sanders, the senator from Vermont, raised $15.7 million in the month of May, despite his hopes of defeating Clinton for the Democratic nomination got reduced. He entered the month of June with $9.2 million.