The Biden campaign celebrated on Wednesday the significant fundraising success and financial advantage it holds over the Trump campaign.
Former President Trump’s 2024 campaign reported a significant influx of funds in the past month, with a total of $10.9 million being brought in. Additionally, his joint fundraising committee managed to raise nearly $11 million during the same period. As of March, the campaign had approximately $42 million in cash available. These figures demonstrate the continued support and financial backing for Trump’s future political endeavors.
President Biden’s campaign operation outperformed those figures significantly. In the month of February alone, they managed to raise an impressive $53 million. As a result, they now have a whopping $155 million in cash on hand as they enter the month of March.
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“The numbers that Donald Trump is producing on ‘The Apprentice’ would have resulted in his own firing,” commented Michael Tyler, the communications director for the Biden campaign. “But the reason he is failing is clear: his extreme and harmful agenda, which includes anti-abortion policies, cuts to Social Security, and the promotion of political violence, is driving away donors and failing to gain support from the crucial voting population that will determine the outcome of this election.”
Tyler added that the voters would not be convinced even if he had the money.
With his recent designation as the expected nominee for the GOP, Trump has the potential to receive a financial boost as he combines forces with the Republican National Committee. As of the end of February, the RNC reported having approximately $11 million in available funds, which falls short of the Democratic National Committee’s $26 million.
The former president, Trump, has been incurring significant legal fees due to his trial for four separate crimes, exacerbating the situation. He also has to pay a $454 million judgment soon because a judge in New York found that he lied about his assets to get tax and insurance benefits and was guilty of theft.
With interest piling on an additional $112,000 each day Trump doesn’t pay, the former president owes the state about $457 million as of Wednesday.
Biden will end his three-day trip to Nevada, Arizona, and Texas on Thursday. During that time, he held three events. Next week, he will be in New York City with former Presidents Obama and Clinton for a big benefit.
