Biden Campaign Holds $40 Million Fundraising Lead Over Trump Campaign
Summary from the AllSides News Team
President Joe Biden is far outpacing former President Donald Trump in campaign fundraising, according to filings submitted to the Federal Election Commission.
For Context: The filings are not a complete picture of each campaign’s financial situation, since they do not include funds raised by joint fund-raising committees associated with each campaign.
Trump: The Trump campaign reportedly raised $10.9 million in February, ending the month with $33.3 million cash on hand. Trump’s PAC reportedly spent $5.6 million on legal expenses in February. Fox News (Right bias) noted that Trump’s campaign is expected to increase its fundraising now that the Republican primary is concluded, leading party donors to coalesce around the former president’s campaign.
Biden: The Biden campaign reportedly raised $21 million in February, ending the month with $71 million cash on hand. Biden and the Democratic National Committee reported a combined $97.5 million cash on hand. An email from the Biden campaign highlighted the gap in fundraising with Trump, labeling the Republican candidate “Broke Don,” and stating, “Trump can’t raise money, isn’t campaigning, and is letting convicts and conspiracy theorists run his campaign.”
How the Media Covered It: Outlets attributed the disparity in fundraising to different factors. The New York Times (Lean Left bias) noted that incumbent candidates traditionally have an advantage in fundraising. Fox News noted that the crowded Republican primary pulled donors from Trump. Left- and center-rated outlets more often tied Trump’s lagging fundraising to the money he is spending on legal expenses.
Featured Coverage of this Story
From the Left
Biden Widens His Financial Lead Over Trump
President Biden’s re-election campaign had $71 million on hand at the end of February, more than double the $33.5 million in former President Donald J. Trump’s campaign account, as Democrats continued to expand their fund-raising advantage over Republicans in the presidential race.
The cash disparity was detailed in filings with the Federal Election Commission on Wednesday, when campaigns and some presidential committees had a deadline to file fund-raising and spending reports for February.
Mr. Trump did pad his campaign’s account in February, adding more than $3 million to the cash...
From the Center
Biden campaign calls Trump ‘Broke Don’ after he lags in fundraising
President Biden’s reelection campaign is pouncing on former President Trump’s fundraising numbers, dubbing its political rival “Broke Don” on Thursday.
“Not a Winning Campaign: Broke Don Hides in Basement,” the campaign wrote in an email. “Trump can’t raise money, isn’t campaigning, and is letting convicts and conspiracy theorists run his campaign.”
Election filings made public Wednesday showed Trump’s 2024 campaign brought in $10.9 million last month, while his joint fundraising committee raised nearly $11 million. It has about $42 million in cash on hand.
Meanwhile, Biden’s campaign operation raised roughly $53 million in February,...
From the Right
Trump aims to level playing field in fundraising battle with Biden as GOP billionaires come to the rescue
Former President Donald Trump significantly trails President Biden in the crucial dash for campaign cash, but he is hoping to level the playing field with the formation of a joint fundraising committee with the Republican National Committee (RNC).
The committee, titled the Trump National Committee JFC, filed a statement of organization on Wednesday with the Federal Elections Commission.
Trump, who clinched the GOP presidential nomination last week and is now the Republican Party's 2024 presumptive nominee, has taken control of the RNC and installed allies in the national party committee's...
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