New financial filings showed the extent of the president’s cash troubles, as he is now badly outmatched by Joe Biden.
By Shane Goldmacher and Rachel Shorey
President Trump’s re-election campaign committee ended September with only $63.1 million in the bank despite canceling some television buys late last month, leaving him badly outmatched financially against Joseph R. Biden Jr. in the final stretch of the campaign.
New filings with the Federal Election Commission showed the extent of Mr. Trump’s cash troubles, which are severe enough that he diverted time from key battleground states and flew to California on Sunday for a fund-raiser with just over two weeks until Election Day. The president ended September with just over half as much money as he had at the beginning of the month.
While Mr. Trump’s campaign and its shared committees with the Republican National Committee have raised $1.5 billion since the start of 2019, the disclosures late Tuesday showed that his main re-election committee — the account that must pay for many of the race’s most important costs, including most television ads — had only a small slice remaining.
All told, Mr. Trump’s campaign and its shared committees with the R.N.C. had $251.4 million entering October, compared with the $432 million that Mr. Biden’s campaign and its joint accounts with the Democratic National Committee had in the bank. Some joint account funds are most likely eligible to be transferred to the main campaign committee.
Fortunes have reversed sharply from this spring, when Mr. Trump and the Republicans had nearly $190 million more in the bank than Mr. Biden and the Democrats did when he emerged as the presumptive Democratic nominee.
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