Former Vice President Joe Biden and his allied Democratic Committees maintained a sizeable cash advantage of more than $ 107 million over President Trump and his political process in the final weeks of the campaign, according to a new round of filings that raised money and last-minute spending.
Here’s what the reports show:
- Biden is spending more than the President campaigning home: The Biden campaign alone brought in $ 130 million during the first two weeks of October and spent more than $ 145 million. That’s an average spending over $ 10 million per day over the course of the two weeks.
- By comparison, Trump raised nearly $ 43.6 million between October 1 and October 14 and spent $ 63.1 million, according to Thursday evening’s filings with the Federal Election Commission.
The president’s political process has struggled to compete financially with Biden in recent months, and Trump has turned to fund-raising events in which the dollar has been rising in value to bolster his cash position in the final days of the presidential campaign.
On Thursday – just hours before the couple’s final showdown on the discussion platform – Trump appeared at a fundraising campaign in Nashville that was expected to bring in $ 8 million for the campaign. On Friday, Trump campaign officials announced a $ 26 million payment for the debate on the campaign and Republican committees, marking the largest digital fundraising day for the re-election effort.
The president insists he has enough money to win on November 3 – as he did four years ago, even though his then rival Hillary Clinton overtook him.
“We don’t need the money,” Trump said during a debate Thursday evening. “We have a lot of money. In fact, we beat Hillary Clinton with a fraction of the money I managed to raise.”
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