Biden Has $466 Million in Bank, and a Huge Financial Edge on Trump

  • Politics
  • Biden Has $466 Million in Bank, and a Huge Financial Edge on Trump

Donors gave more than $100 million over the weekend after her passing.

Before the latest presidential disclosures were filed, some Republicans were questioning how a Trump campaign that has raised $1.3 billion since the beginning of 2019 with the Republican National Committee has already spent nearly $1 billion of those funds before the start of voting. Trump officials have repeatedly pointed to their bigger investment in ground operations (such as door-to-door canvassing) that Democrats have forgone during the pandemic as prudent spending that will provide a benefit as balloting begins.

“Our early investment in states is going to move the needle in a way that Joe Biden’s campaign just can’t do, even if they tried starting now,” Bill Stepien, Mr. Trump’s campaign manager, told reporters this month.

An extraordinary influx of cash in August accounts for Mr. Biden’s newfound financial lead, after he and the Republicans entered the month nearly neck and neck. The Biden campaign and his joint operations with the Democratic National Committee raised a record $364.5 million last month — more than any previous candidate has raised in a single month — while Mr. Trump brought in $210 million, their campaigns said.

“It’s hard to even get your head around the size and historic nature of this,” Jennifer O’Malley Dillon, Mr. Biden’s campaign manager, said in a call with reporters this month. The cash-on-hand figure released by the campaign shows it spent about $192 million, barely over half of what it brought in last month.

“We’re going to have the resources, not just to go wide on our map but also to go deep within those states,” Ms. Dillon said of the Electoral College battlegrounds.

Billionaires and very wealthy supporters continue to exert their influence on the race through super PACs, which have no limits on giving. New filings showed Kelcy Warren, an oil pipeline billionaire, gave $10 million to a pro-Trump super PAC, America First Action, along with $2 million from Diane Hendricks, a Wisconsin billionaire, and $1 million from three others.

On the Democratic side, Michael R. Bloomberg, the former mayor of New York City who ran unsuccessfully in the Democratic presidential primary, recently announced he would spend $100 million supporting Mr. Biden in Florida, by far the largest and most expensive electoral prize. James Murdoch, the son of the Fox media mogul Rupert Murdoch, donated $300,000 in August to a pro-Biden super PAC, Unite the Country.

Did you like this article? You can read it and many others @ NY Times!

From The S3 News Community

Check out posts from our own content writers

FRESHEST

Here's the latest news

When the pandemic hit in March, a JBS meatpacking plant in Greeley, Colo., began providing paid leave to workers at high risk of serious illness.But last month, shortly after the plant was cited by the federal Occupational Safety and Health...

OSHA Under Fire Over Regulation of Meatpacking in Pandemic

The Big Ten this week will become the fourth Power 5 conference to return to the football field in 2020. The conference on Aug. 11 postponed its season till the spring amid the COVID-19 pandemic, later reversing its decision and...

Big Ten football schedule: Full Week 8 TV coverage as conference returns to play

When you set out to create new music, what does your mindset look like? Are you curious and ready to explore ideas wherever they take you, or are you bogged down with the baggage of expectations? The truth is that...

Why Having No Expectations Is Best For Your Songwriting Process

Check out our selection of stocking fillers and gift ideas for the Raspberry Pi fan in your life for the coming festive season. The Raspberry Pi has been a runaway success since its launch in 2012, and each year since...

12 great gift ideas for Raspberry Pi fans in 2020

After a slow start in Game 1 of the 2020 World Series, the Rays jumped out to an early lead Wednesday and held on to win Game 2 and level the series. Coming into the game, Brandon Lowe was 6...

Dodgers vs. Rays score, results: Brandon Lowe breaks out as Tampa Bay wins Game 2 to even series
Load More
Share via
Copy link
Powered by Social Snap