Former President Donald Trump dramatically outpaced President Joe Biden in May fundraising, raising $141 million compared to Biden's $85 million, erasing Biden's previous cash advantage. This surge was largely driven by donations following Trump's conviction on 34 felony counts related to hush money payments, which resulted in significant contributions, including a $50 million donation from billionaire Timothy Mellon. The Trump campaign now holds a cash-on-hand advantage with $116.6 million compared to Biden's $91.6 million. Both candidates are preparing for an upcoming debate, with Trump leveraging his newfound financial edge for potential post-debate ad spending. Despite Biden's substantial overall fundraising of $558 million since his candidacy announcement, Trump's recent momentum indicates a highly competitive race heading towards the general election.