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Trump campaign faces funds deficit

It is the biggest ever financial gap between the Republican and Democratic candidates at this stage of an election.

Published: 22nd June 2016 07:51 AM  |   Last Updated: 22nd June 2016 07:51 AM   |  A+A-

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Republican presidential candidate Donald Trump. (File Photo | AP)

WASHINGTON: Donald Trump faces a huge and unprecedented fund-raising deficit in his race for the White House against Hillary Clinton.

The Republican presidential nominee's campaign has $1.3?million in the bank while Mrs Clinton has $42?million, according to latest figures filed with the US Federal Election Commission.

It is the biggest ever financial gap between the Republican and Democratic candidates at this stage of an election.

Documents showed Mr Trump spent $6.7?million last month, half of what his opponent used. More than $1?million of what Mr Trump did spend in May was paid to his own companies and members of his family. His biggest expenditure was $423,000 for rent and catering costs to the Mar-a-Lago Club in Florida, which he owns and uses for press conferences.

The Trump campaign also paid for his children's travel costs and $5,000 went to his son Eric's wine company. Around $30,000 was paid to Mr Trump himself.

Traditional Republican donors gave just $3.1?million to Mr Trump's campaign last month while Democratic donors gave $26.4?million to Mrs Clinton.

Mr Trump dismissed concerns about the financial state of his campaign, saying: "I understand money better than anybody."

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