Trump's Fundraising Soars Amid Assassination Attempt and Biden's Withdrawal

Donald Trump's presidential campaign raised $138.7 million in July, growing cash reserves to $327 million. This follows an assassination attempt and Biden's withdrawal from the race due to health concerns. Kamala Harris, now the Democratic frontrunner, has reenergized her campaign, raising $200 million in the first week.

Donald Trump's presidential campaign amassed $138.7 million in July, bolstering its cash reserves to $327 million by month's end, following an assassination attempt, the campaign reported Thursday. July's fundraising marks a 24% increase from the $111.8 million raised in June.

The assassination attempt on July 13 at a rally in Butler, Pennsylvania, was anticipated to boost campaign contributions. Trump's fundraising had also surged following his conviction in late May on felony charges linked to a hush-money payment to a porn star before the 2016 election. The campaign revealed that it amassed $331 million in the second quarter, surpassing the $264 million raised by then-Democratic candidate and U.S. President Joe Biden's campaign in the same period.

President Joe Biden ended his reelection bid on July 21, endorsing Vice President Kamala Harris for the November 5 vote against Trump. His withdrawal came amid concerns over his age and health after a poor debate performance against Trump in late June. Harris's emergence has revitalized a campaign that struggled with doubts about Biden's capability to defeat Trump or continue governing if re-elected. Harris's campaign announced Sunday that it had raised $200 million and enlisted 170,000 new volunteers in her first week as the Democratic presidential candidate. Polls indicate a shift in dynamics, showing a close race as Harris competes with Trump.

(With inputs from agencies.)