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A three year head start for Trump in fundraising has been more than erased by Biden, per the WSJ.
Biden Ended August With $141 Million More in Cash Than Trump
Biden Ended August With $141 Million More in Cash Than Trump
President Donald Trump’s campaign cash advantage has evaporated as Democratic presidential nominee Joe Biden’s team started the month with $466 million in the bank, about $141 million more than the president’s re-election effort.
Mr. Biden’s campaign started the general election far behind Mr. Trump in terms of money. The president has been raising cash for his re-election since January 2017, and he started the year with more than $100 million on hand.
The two campaigns started August with nearly the same amount on hand, and Mr. Biden outraised Mr. Trump last month, pulling in $364.5 million compared with $210 million for the president’s reelection effort. That month, Mr. Biden’s campaign was boosted by the addition of California Sen. Kamala Harris to the ticket. The Biden campaign has said it raised $48 million in the 48 hours after Ms. Harris was named as Mr. Biden’s running mate. Mr. Trump slightly edged out Mr. Biden in fundraising during their respective conventions.
Mr. Biden’s campaign may benefit this month from an outpouring of donations to Democratic causes after the death of Supreme Court Justice Ruth Bader Ginsburg.
ActBlue, the Democratic online fundraising platform, reported Sunday that donors gave more than $91 million to progressive candidates and causes in the 28 hours after Justice Ginsburg’s death became public Friday evening. That included more than $6.2 million in the 9 p.m. Eastern hour and $6.3 million in the 10 p.m. Eastern hour on Friday. Both were hourly records on the 16-year-old online fundraising platform, according to ActBlue.