Former President Donald Trump’s huge May fundraising haul erased President Joe Biden’s longstanding cash advantage as the two gear up for a rematch.

Trump’s campaign had $116.6 million in the bank at the end of May, compared to $91.6 million for Biden...

Trump’s campaign and the Republican National Committee said they raised $141 million in May, a figure that included the significant fundraising boost after the former president’s criminal conviction on hush money charges (The full breakdown behind that number won’t be available until mid-July, when Trump’s joint fundraising committees file their own reports.)