Biden Enters Campaign’s Final Stretch With Cash Advantage Over Trump



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Democratic presidential nominee Joe Biden leaves after speaking Sunday at the National Constitution Center in Philadelphia.

Roberto Schmidt/AFP via Getty Images




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Roberto Schmidt/AFP via Getty Images


Elections
Money Tracker: How Much Trump And Biden Have Raised In The 2020 Election

Adding in joint fundraising committees extends Democrats’ financial advantage. The Biden campaign told NPR that it and Democrats had $466 million cash on hand at the end of August, while a Trump campaign spokesperson said his side entered September with $325 million in the bank.

That’s a reversal. Trump started raising money for his 2020 effort unusually early — at the start of his presidency — and he maintained an advantage over Biden in terms of cash on hand through the early part of the summer.

But Biden and Democrats had been gaining on him and then had a blockbuster fundraising month in August, taking in $365 million. Nearly one-third of Biden and Democrats’ total fundraising for this election cycle came last month.


Elections
Trump, Republicans Raise $210 Million In August — Far Behind Democrats’ Haul

Speaking Monday on Fox & Friends, Trump downplayed the financial challenge his campaign now faces.

«We have a lot of money,» he said. «I mean, how much money do you need? You need yourself.» Trump was at a financial disadvantage in the 2016 race and won.

His campaign and the Republican National Committee spent almost all the money they took in during August, though they were still outspent by Biden’s campaign and the Democratic National Committee, according to the filings.

These documents offer only a partial picture of spending since certain committees working with the campaigns are required to file only quarterly.


Elections
Biden Is Outspending Trump On TV, And Just 6 States Are The Focus Of The Campaign

On television advertisements, Biden outspent Trump nearly 4 to 1 in August, according to the tracking firm Ad Analytics.

Trump’s campaign bought no ads on local TV in Pennsylvania, Michigan and New Hampshire, and was outspent by Biden significantly in Florida, North Carolina and Wisconsin.

August was the first full month with Bill Stepien as Trump’s campaign manager.

Asked about the campaign’s cash situation on a call with reporters earlier this month, Stepien said: «Creating or re-creating the budget was the first thing that I did upon becoming the campaign manager. And it’s something that we as a team manage every single day from this day forward, from this day forward to Election Day. We will have more resources to spend than we had in 2016.»

  • 2020 presidential election



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