Biden campaign says Trump 'simply cannot keep up' after analysis shows donors lagging behind 2020 pace

The Biden campaign on Wednesday jabbed at former President Trump's ability to attract donors after an analysis of federal data showed the Trump campaign is lagging behind its 2020 pace in terms of money and individual donors.

"Donald Trump simply cannot keep up with Joe Biden: He’s too lazy to campaign, too toxic to generate enthusiasm or grassroots support, and too obsessed with his own personal revenge and retribution to expand his coalition. Open your eyes, Donald, the campaign has begun,” Biden campaign spokesperson James Singer said in a statement exclusively to The Hill. 

The Biden campaign cited a Financial Times analysis that found Trump has raised money from roughly 900,000 donors from July 2023 through the first quarter of 2024, down from roughly 1.2 million donors during the equivalent period of the 2020 cycle.

At the same time, Trump is trailing Biden in terms of overall fundraising and cash on hand with roughly seven months until Election Day.

The Biden campaign raised $90 million in March and entered April with $192 million in cash on hand, which it said was a record for any Democratic candidate at this point in the election cycle. As of the end of March, 1.6 million people have donated to the campaign, officials said.

Meanwhile, Trump has brought in roughly $66 million in March. The Trump campaign and Republican National Committee, which merged last month after Trump became the presumptive nominee, entered April with $93.1 million in cash on hand.

Trump has tried to close the money gap in recent weeks by holding high-dollar fundraisers, including one that brought in upward of $30 million.

The 2024 race is on pace to be among the most expensive in history following a 2020 campaign in which Biden raised roughly $1 billion in donations, while Trump raised about $775 million, according to federal records.