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Clinton Raises $42M, Trump $1.3M

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Donald Trump’s campaign war chest is dwarfed by that of rival Hillary Clinton, representing one of the biggest financial mismatches in presidential election history, figures show.

While the Republican presumptive nominee entered June with just $1.3m in the bank, Clinton had $42.5m, according to filings released by the Federal Election Commission (FEC) – making her campaign cash reserve 32 times larger than that of Trump.

The figures are likely to feed a growing feeling of panic among Republicans about Trump’s chances in November. The presumptive Republican nominee is trailing Clinton in opinion polls and, after weeks of controversy over racially charged remarks,fired his campaign manager Corey Lewandowski on Monday.

Despite winning the Republican primary contest on 4 May, Trump evidently did not enjoy an immediate boost in fundraising. Donors gave just over $3m that month. Clinton, by contrast, brought in more than$26m in May.

Much of Trump’s spending went to companies owned by himself. He spent over $423,000 on facility rental and catering at his Florida resort Mar-A-Lago, and another $350,000 on travel air on Tag Air, the holding company that owns Trump’s jet.

In total roughly 20% of Trump’s expenditures in May went to his own companies, or in reimbursements to Trump’s children.

Trump loaned his effort another $2.2m, bringing his total outlay over the past year to about $46m –almost all of which is loans.

During speeches the self-proclaimed billionaire has claimed that low spending should be seen as a strength, not a weakness, and noted that Jeb Bush’s millions did not lead to political success.

However his meagre total of $1.3m in campaign cash on hand falls well short of the previous Republican nominee, Mitt Romney, who in May 2012 raised $23.4m and had more than $17m in the bank.

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