Biden campaign's fundraising lags Trump for the first time in April

President Joe Biden's 2024 campaign's fundraising in April lagged rival Donald Trump's for the first time, after the former president ramped up his joint operation with the Republican National Committee and headlined high-dollar fundraisers.

The Biden campaign and the Democratic National Committee raised more than $51 million in April, the campaign said, lower than the $90 million they raised in March and less than $76 million Donald Trump and the Republican Party reported taking in for the month.

Democrats still maintained an overall cash advantage over Trump and the Biden campaign continues to have a considerably larger war chest.

Trump clinched the Republican presidential nomination in March, and can now raise money with the RNC, which his daughter-in-law co-chairs.

His April haul was boosted by a record-setting $50.5 million raised during an event with donors early in the month at the Palm Beach, Florida, home of billionaire investor John Paulson. Paulson has been floated by Trump as a potential Treasury secretary.