Las Vegas, Nevada – As the 2024 election season ramps up, campaign finance filings reveal a stark difference in fundraising between President Biden’s campaign and former President Trump’s campaign. Biden’s team boasted a significant lead in cash on hand compared to Trump’s operation.
According to recent reports, Trump’s 2024 campaign brought in $10.9 million in the previous month, with the joint fundraising committee raising nearly $11 million. Despite these figures, Trump’s camp only had about $42 million in cash on hand entering March. In contrast, Biden’s campaign raised approximately $53 million in February alone, leaving them with $155 million in cash reserves heading into March.
The disparity in fundraising efforts led to strong statements from Biden campaign officials. Communications director Michael Tyler criticized Trump’s platform, labeling it as extreme and repelling potential donors. Another campaign spokesperson, Ammar Moussa, highlighted the significant cash advantage Biden’s team held over their counterparts.
Furthermore, Trump’s financial woes are exacerbated by mounting legal fees as he faces multiple criminal trials. A pending $454 million judgment from a New York court for fraudulent activities further strains Trump’s finances, with daily interest continuing to accrue on the outstanding amount.
Despite challenges on the financial front, Trump’s campaign hopes to boost fundraising efforts through a merger with the Republican National Committee. The RNC reported a lower cash reserve than its Democratic counterpart, potentially indicating a tougher road ahead for Trump and his fundraising goals.
Looking ahead, Biden’s campaign is focused on maintaining momentum, with the president scheduled to attend fundraisers in various states and a significant event in New York City alongside former Presidents Obama and Clinton. The ongoing financial disparity between the two campaigns sets the stage for a heated battle in the lead-up to the 2024 election.