President Biden and the Democratic National Committee are outraising by 2-to-1 former President Trump and the Republican National Committee, according to filings with the Federal Election Commission.
The chasm is significant between two presumptive nominees who have clear vulnerabilities in the eyes of many voters in an election that could turn on a few thousand votes in a handful of neck and neck swing states. It is expected to be the most expensive presidential election cycle in history. Donations bankroll state campaign organizations and staff, door-knocking and persuasion, travel and candidate advertising (here’s the Biden campaign’s latest ad bashing Trump’s handling of the pandemic).
Biden’s team raised roughly $53 million in February, giving his bid for a second term $155 million in cash on hand entering March. Trump’s team brought in $10.9 million last month, while his joint fundraising committee raised nearly $11 million. The former president, battling 91 criminal indictments, is burning through millions of dollars in contributions to pay his legal bills. His operation overall had about $42 million in cash on hand entering March, The Hill’s Brett Samuels and Amie Parnes reported.
