UPDATED June 23, 4:00 p.m. ET: Donald trump has forgiven himself of the $50 million loan he made to his campaign, officially making it a campaign contribution.
UPDATED June 21, 12 p.m. ET: Donald Trump's campaign has sent out a fundraising email promising to "personally" match donations to his campaign up to $2 million over the next 48 hours. The campaign is calling the message the first fundraising letter it has sent to supporters.
Additionally, the Trump campaign released a statement about its latest FEC filings, where Trump is quoted as saying there could be "unlimited cash on hand" if needed. Trump attempted to put a positive spin on the dire financial situation, saying that the campaign is "leaner and more efficient, like our government should be."
Original story, below
New campaign finance filings released by the Federal Election Commission on Monday night show that as of the end of May, Donald Trump had less than $1.3 million in cash on hand. His opponent Hillary Clinton, by contrast, is sitting on over $42 million. News of the cash disparity followed hot on the heels of Trump's firing of his campaign manager Corey Lewandowski.
Word of the filings, which also revealed that Clinton had raised more than nine times more money in May than her Republican opponent, set Twitter aflame. The hashtag #TrumpSoPoor was trending as of early Tuesday morning, inspiring countless would-be Henny Youngmans to try out their best one-liners.
Others used the hashtag as a chance to show their artistic side.
And of course, what would a trending topic be without some awkward corporate exploitation?
The FEC filings also revealed that Trump was using what little cash he had to pay himself quite handsomely.
In a bizarre turn of events that not even actual fiction could top, @BrianBeutler notes that the Trump campaign reportedly paid roughly $35,000 to an "ad firm" named, sadly, Draper Sterling:
Is nothing sacred? Not even our beloved Mad Men? According to @NCBlake, the "ad firm" may be a shell company for GOP consultants:
At any rate, DraperSterling.com is probably worth a peek.
Even Bernie Sanders entered June with more money than Trump. According to the filings, the Vermont Senator had $9.2 million in the bank.
