Joe Biden entered the October phase of the election campaign with almost three times cash burning “edge” over Trump, according to Bloomberg. Biden is splurging on advertising, trying to take advantage over Trump in the final campaign weeks. The latest filings with the Federal Election Commission shows Biden had $177.3 million in the bank at the end of last month. Trump has cut expenses by pulling back planned advertising buys since late August.
- Biden’s campaign raised $281.6 million in September and spent $285 million, more than twice as much as Trump.
- Trump’s campaign committee raised $83.1 million in September and spent $139.3 million.
- Trump’s broader re-election activities, including the Republican National Committee (RNC) and two joint fundraising committees, raised $247.8 million in September.
- Biden’s broader re-election activities, including the Democratic National Committee (DNC), raised $383 million in September and have $432 million in the bank compared to Trump’s $251.6 million.
- Biden and the DNC raised $748 million in August and September, $290 million more than Trump’s.
- Biden’s campaign on track to raise another $234 million before the elections
- Biden and the DNC are estimated to have raised more than $982 million in the final three months before the November 3 election, more than $942 million that President Obama raised for the 2008 campaign.
- Biden’s campaign has accumulated $162 million in television ads from October 1, while Trump has booked only $79 million.
- Small-dollar donors (those giving less than $200) provided $55 million directly to Biden’s campaign but gave only 26% of the $68.4 million donated directly to Trump’s campaign.
- In Q3, Trump’s election committee spent $181 million to raise $235.7 million, or 77 cents for each dollar raised.
- Trump is being forced to play catch-up in fundraising despite remaining behind Biden in national poll surveys.
- Trump is down 8.6% in the presidential race polling average, but by narrower margins in battleground states ahead of the November 3 elections.
- In April, Biden trailed Trump re-election effort with $98 million in the bank compared to the latter’s $255 million.
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