Biden beats Trump in fundraising on day of first presidential debate

President Joe Biden raised more money than former President Donald Trump around the debate, but both presidents raked in millions on Thursday.

The two candidates faced off for the first time in the 2024 election cycle on Thursday night, where Biden's performance in the televised debate has shaken many Democratic insiders. But campaign officials said the hour after the debate was the best fundraising hour since Biden launched his reelection bid in April 2023, according to The Hill.

The president's campaign announced it brought in a total of $14 million on debate day and the morning after, while Trump's campaign brought in $8 million on the day of the debate. But Trump outraised Biden last month, after he brought in a total of $141 million in May alone. Biden brought in $85 million in May, but has $212 million in cash on hand.

Before Thursday's debate, Biden's strongest fundraising day was just after Trump's conviction in his New York hush money case, according to Politico. He raised over $8 million. However, Trump raised even more with $52.8 million.