Democrats campaign has a $107 million advantage from Republicans as election draws nearer

Posted on October 23, 2020, 4:18 pm
2 mins

Democratic Presidential Candidate Joe Biden and aligned Democratic committees have maintained a substantial cash advantage of more than $107 million over President Donald Trump who is considered to have inflated his wealth, according to a new round of filings that capture last-minute fundraising and spending.

Joe Biden’s campaign brought in more than $130 million during the first two weeks of October and spent more than $145 million. This means that the Biden campaign spent over $10 million a day during the first two weeks of October.

President Trump, who is significantly behind in the polls raised only $43.6 million between October 1 and October 14 and spent $63.1 million, according to filings Thursday night with the Federal Election Commission.

Donald Trump’s political campaign has struggled to compete financially with Biden in recent months. President Trump has tried to use high-dollar fundraising events to shore up his cash position in the waning days of the presidential campaign but has not been very successful so far.

.On Thursday, just hours before the pair’s final confrontation on the debate stage, President Trump made an appearance at a Nashville fundraiser that was expected to bring in $8 million for the campaign. The President insists, however, he has enough funds to prevail on Nov. 3 — as he did four years ago, despite being outspent by his then-rival Hillary Clinton.”We don’t need money,” Trump said during Thursday night’s debate. “We have plenty of money. In fact, we beat Hillary Clinton with a tiny fraction of the money that she was able” to raise.

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