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Trump dwarfs Biden in latest fundraising numbers in show of political force after felony convictions

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Trump dwarfs Biden in latest fundraising numbers in show of political force after felony convictions

NEW YORK (AP) — Donald Trump’s campaign outraised President Joe Biden by more than $60 million last month, according to federal filings made public Thursday that detailed the Republican fundraising explosion sparked by Trump’s felony convictions.

Biden’s campaign and the Democratic National Committee together raised a robust $85 million in May and reported $212 million in the bank at the end of the month. The strong showing does not include roughly $40 million raised by Biden and his top surrogates in recent days — or a separate $20 million donation from former New York City Mayor Michael Bloomberg to pro-Biden groups.

Still, Trump’s fundraising for, for one month at least, seemed to dwarf Biden’s.

The Trump campaign and the Republican National Committee said it raised a jaw-dropping $141 million in May, including tens of millions donated immediately after Trump was convicted of 34 felonies in the New York hush money case. At the same time, billionaire Timothy Mellon, donated a stunning $50 million to a pro-Trump super PAC the day after Trump’s guilty verdict, according to filings made public Thursday.

Trump’s campaign declined to report how much money it had in the bank at the end of May, prompting Biden’s campaign to question whether the groups were still spending heavily to cover Trump’s legal fees.

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“Our strong and consistent fundraising program grew by millions of people in May, a clear sign of strong and growing enthusiasm for the president and vice president every single month,” said Biden campaign manager Julie Chavez Rodriguez. “The money we continue to raise matters, and it’s helping the campaign build out an operation that invests in reaching and winning the voters who will decide this election –- a stark contrast to Trump’s PR stunts and photo-ops that he’s pretending is a campaign.

What to know about the 2024 Election

Taken together, the numbers detailed in the campaigns’ latest Federal Election Commission filings suggest that Democrats may still maintain a cash advantage in the 2024 presidential contest. But almost four months before Election Day, Trump’s side is closing the gap — if it isn’t closed already.

The new fundraising figures also underscore the extent to which the rules of presidential politics are being re-written in the Trump era.

At almost any other time in U.S. history, a presidential candidate would have been forced to leave an election after being convicted of dozens of felonies. But in 2024, Trump’s guilty verdict has instead fueled a massive fundraising surge that puts his team in a position to ramp up advertising and swing state infrastructure just as voters begin paying closer attention to the election.

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Backed by Mellon’s massive donation, the pro-Trump super PAC known as MAGA Inc. reserved $3.5 million in television advertising set to begin July 3 across Georgia and Pennsylvania on Thursday, according to the media tracking firm AdImpact. Overall, the group reported a $68.8 million haul for May, ending the month with $93.7 million in the bank.

Mellon has been among the biggest donors to Trump and independent candidate Robert F. Kennedy, Jr., although his support for Kennedy may be fading.

Kennedy raised $2.6 million last month and finished May with $6.4 million in the bank. The vast majority of his fundraising total came from running mate Nicole Shanahan, a wealthy Silicon Valley lawyer. The Kennedy campaign spent more than it raised for the month.

The numbers reported on Thursday did not include anything raised in June, including roughly $40 million raised by Biden and his top surrogates in recent days. The vast majority came from a glitzy fundraiser last Saturday with movie stars and former President Barack Obama in Los Angeles that raised more than $30 million. First lady Jill Biden also has been on her own personal fundraising swing that has brought in $1.5 million.

Meanwhile, Biden also got a big boost from Bloomberg.

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The billionaire philanthropist, who briefly ran for president as a Democrat in 2020, sent $19 million to the pro-Biden group Future Forward in addition to sending the legal maximum of $929,600 to the Biden Victory Fund, according to a person familiar with the transfers.

Bloomberg also formally endorsed Biden on Thursday. “I stood with Joe Biden in 2020, and I am proud to do so again,” Bloomberg said in a statement.

The Biden campaign said that the vast majority of its latest fundraising came from grassroots donors such as nurses, teachers and retirees. Overall, the Biden campaign and Democratic National Committee attracted more than three million new donors last month, according to a statement from the campaign.

“While Trump is leaching off his billionaire sycophants, our campaign represents the voices of America, and we’re honored to have their support as we race toward November,” Democratic National Committee Chair Jaime Harrison said.

___

AP writer Seung Min Kim in Washington and Jill Colvin in New York contributed.

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Israel Strikes Hezbollah Stronghold in Attempt to Kill Leader

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Israeli officials say the country’s warplanes destroyed an underground bunker in a residential area after receiving information that the group’s leader, Hassan Nasrallah, was convening a meeting there. Several apartment buildings were flattened.

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Fate of Hezbollah chief unknown after he was targeted in Israeli strike, 2 Hezbollah leaders killed

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Fate of Hezbollah chief unknown after he was targeted in Israeli strike, 2 Hezbollah leaders killed

The fate of Hezbollah’s leader Hassan Nasrallah is unknown following the Israeli Defense Forces’ “targeted attack” against the central headquarters of Hezbollah in Beirut, Lebanon. 

Fox News has learned the target of the attack was Nasrallah, but Hezbollah has since claimed that he is “fine and well” following the strike.

“His Eminence the Secretary-General is fine and well and was not in the targeted location,” Hezbollah Media Relations Officer Hajj Muhammad Afif said on Iranian television. 

The Israel Defense Forces (IDF) has not provided an official status update on Nasrallah’s whereabouts.

ISRAEL TARGETS HEZBOLLAH LEADER NASRALLAH IN STRIKE ON BEIRUT HEADQUARTERS

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Lebanon’s Hezbollah leader Sayyed Hassan Nasrallah gives a televised address at a memorial ceremony to mark one week since the passing of Mohammad Yaghi, one of the powerful armed groups figures, in Baalbek, Lebanon January 5, 2024. (REUTERS/Mohamed Azakir)

Elijah J. Magnier, a Brussels-based veteran and a senior political risk analyst, said that the group’s normal practice “is that they either want him to be in a safe place, and they are moving him, or he is dead, and they want to wait until they find his body.”

ISRAEL-HEZBOLLAH WAR: NETANYAHU ‘DID NOT EVEN RESPOND’ TO US CEASE-FIRE DEAL, PLEDGES TO FIGHT ‘FULL FORCE’

Nasrallah supporters

An arch glorifying Hezbollah and baring pictures of its chief Hassan Nasrallah (R) and Iran’s spiritual leader Ali Khamenei in Beirut. (AP Photo/Bassam Masri)

On Friday night, the IDF announced that two of Hezbollah’s leaders – Muhammad Ali Ismail and Hussein Ahmad Ismail – were killed in the strike.

“Muhammad Ali Ismail, the Commander of Hezbollah’s Missile Unit in southern Lebanon, and his deputy, Hussein Ahmad Ismail, were eliminated in a precise IAF strike,” the IDF announced in a X post.

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The Israeli agency said that Ali Ismail was responsible for “directing numerous terrorist attacks” and “the firing of rockets towards Israeli territory and the launch of a surface-to-surface missile towards central Israel on Wednesday.”

The IDF’s announcement of the elimination of the two terrorist leaders came after Ibrahim Muhammad Qabisi, Head of Hezbollah’s Missiles and Rockets Force, as well as other senior commanders of this unit, were previously killed.

WATCH:

Deputy Pentagon Press Secretary Sabrina Singh previously said that the U.S. was not involved in this operation and had no advance warning.

“Minister [Yoav] Gallant spoke with Secretary Austin as the operation was already underway,” Singh said. “This operation has happened within the last few hours. We are still assessing the event.”

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The Pentagon also declined to speculate on whether the Hezbollah leader was still alive.

Fox News Digital’s Michael Dorgan, Fox News’ Trey Yingst and The Associated Press contributed to this report. 

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State of the Union: Zelenskyy's attempts to drum up new support

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State of the Union: Zelenskyy's attempts to drum up new support

This edition of State of the Union focuses on the crucial visit of Ukrainian president Volodymyr Zelenskyy to the U.S., the latest economic forecast by the EBRD and attempts to support the struggling German car industry.

For weeks now, Europe is anxiously looking at its number one economic powerhouse, Germany – to be more precise: at the country’s ailing car manufacturers, some of Germany’s industrial pillars.

A serious car crisis in the Federal Republic, triggered by a quasi-collapse of the electrical vehicle market, could have severe consequences elsewhere in the EU.

Threats of historic job cuts, plant closures at Volkswagen and plunging earnings at Mercedes-Benz and BMW prompted emergency talks at Berlin’s economy ministry this week.

But given strained federal finances and fights with China over tariffs, the government’s toolbox is rather empty.

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Nonetheless, economy minister Robert Habeck expressed his willingness to help but excluded quick fixes: “Everyone has said that planning is the most important thing. And that means long-term planning. Not a flash-in-the-pan action, because this only has the effect of pumping up the market again in the short term and then possibly collapsing again.”

Germany is in the uncomfortable position today to be forced to re-orient its entire manufacturing sector that depended on cheap Russian energy.

You can already hear Ukraine’s president Zelenskyy shouting: “I told you so!”

Zelenskyy was at the United Nations this week to drum up support for what he called his “victory plan”.

He also reacted to pleas from the European far-left and far-right to negotiate with Russia:

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“We know some in the world want to talk to Putin. We know it. To meet, to talk, to speak. But what could they possibly hear from him? That he’s upset because we are exercising our right to defend our people, or that he wants to keep the war and terror going just so no one thinks he was wrong.”

How the Ukrainian economy keeps suffering from the war was detailed this week by the latest outlook from the European Bank for Reconstruction and Development.

The EBRD covers not only Ukraine, but large parts of eastern Europe and central Asia. The bank’s findings are an important bellwether for the global economy.

We spoke to Beata Javorcik, the chief economist of the EBRD.

Euronews: So, your latest Regional Economic Prospects report is called “Along the adjustment path” – that sounds like a friendly way of saying “It’s disappointing”. What do the economies you invest in need to adjust to?

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Javorcik: Well, the situation in Europe remains quite challenging. We continue to have very high prices of energy. Particularly the price of natural gas is five times as high as in the US. The demand for exports, particularly from Germany, is muted. Given the difficult situation of the German economy and, finally, the costs of borrowing continue to be high, there is this extra risk premium, this extra interest rate. Countries in the regions had to pay when the war in Ukraine started. And this risk premium continues to be there.

Euronews: On the upside are a decline in inflation and an increase in real wages. What exactly happened?

Javorcik: Well, by historical standards we have seen a very fast disinflation process, though of course the adjustment is not done yet. Inflation remains above the pre-COVID level, but on the positive side we have managed to avoid a hard landing. So, this fight with inflation has come without very big unpleasant effects in terms of unemployment. As the inflation episode started, we saw a big decline in real wages, but then real wages started catching up. That was visible in the last few months in the last year. They are not yet back to the pre-COVID trend, but they have certainly caught up in a significant way.

Euronews: I guess there are still some remaining inflationary pressures – what are they?

Javorcik: Inflation still remains high in some countries, such as Turkey or Egypt, still in high double digits. And depreciation of domestic currencies, which has made imports more expensive, has contributed to further inflation.

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Euronews: One country is still in the spotlight: Ukraine. How are they coping with the ongoing war economically?

Javorcik: Well, despite the war early this year, so in the first quarter, Ukrainian economy managed to grow very fast. The bleak Black Sea corridor allowed Ukraine to export grain as well as metals and ores. But then this heavy bombing and destruction of electricity infrastructure happened. And that made the situation very difficult. There are rolling blackouts. There are shortages of electricity. The country is importing electricity from Europe, but it comes at a higher cost. And that’s weighing down on the economy.

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