Dizzying amounts of money are poured into the Biden and Trump campaigns

Biden’s virtual fundraising calendar for June was marked by major events led by former President Barack Obama, Senator Elizabeth Warren of Massachusetts and Senator Kamala Harris of California. But it was also featured by leading Wall Street figures, including Hamilton E. James, the Blackstone Group’s executive vice president, and Hollywood titans like Jeffrey Katzenberg, the film producer.

Helping Mr. Biden’s recent sets has been the fact that, as an alleged nominee, he can raise money in conjunction with the Democratic National Committee, increasing the size of checks he can accept from $ 2,800 during elementary school to more than $ 620,000 now. Trump has been raising checks of more than $ 500,000 for months, including some at a small dinner in June that raised $ 10 million.

In fact, Mr. Biden’s fundraiser in June was so large that as the end of the month approached, some donors received a signal to hold their checks until July, according to two people familiar with the matter.

The sums both campaigns took last month were historically enormous. Mrs. Clinton did not raise $ 140 million until two months deeper into the cycle, in August 2016. That year, Trump never raised as much in a month as he did in June 2020. And the totals for both campaigns in June were older than President Barack Obama and Mitt Romney published in June 2012.

Mr. Biden’s campaign highlighted that he had added 2.6 million people to his email list in June, and that 68 percent of his contributors last month were new to his campaign. In May, half of Mr. Biden’s taxpayers were also new, as the party base unified behind him.

“The enthusiasm is reflected in both the polls and the fundraiser,” said David Cohen, a top Comcast executive who hosted Mr. Biden’s first fundraiser the day he entered the race. “Right now, Joe Biden has an appeal. People in this country are tired of being embarrassed by this president. “Mr. Cohen added that there was” a small stampede at the grassroots level. “

Biden’s team is looking for even more. Recently, the campaign has been looking for a new provider to replace Anne Lewis Strategies to find new followers online, according to people familiar with the matter.