The electoral campaign of the US President Donald Trump entered this month with only USD 63.1mn in the form of last cash reserves, show new filings, thus underscoring his financial crunches asthe 3 November presidential election fast approaches.
Joe Biden, Trump’s Democratic competitor, had almost thrice that amount, i.e. over USD 177mn, left with them, thus showcasing how the fundraising success of the ex-Vice President in the last few months has left him a considerable financial advantage as the electoral campaign during fall got underway.
The electoral campaign of Trump used more of money in contrast to what it took the previous month, thus spending over USD 91mn on just advertising, as per one report it lodged on Tuesday evening with Fed Election Commission. However, Trump’s campaign, in the last few months, has been worn-out on TV, as Biden battered him specifically in 3 swing states- Wisconsin, Pennsylvania and Michigan- that aided Trump in securing White House 4 years ago.
That spend of money is starting to pay off as Trump’s odds improved significantly over the past week, going from +184 to a competitive +139, however Biden remains on top with a probability of -166 according to Sports Betting Dime
A major sign of Trump’s financial vulnerabilities: Last weekend, he took a flight and visited California for one fundraising event which helped bring in say USD 11mn for his re-election.
In August as well as September, Trump was outraised by Biden, who began October along with the Democratic Party with USD 432mn left in bank. Overall, it was expected that the political operation of Trump, which includes his fundraising committees along with Republican National Committee, would report USD 251.4mn in the available cash.
However while Trump can depend on the bigger lot of the Republican finance for funding his wider re-election, his key election campaign bank account ideally handles advertising. The TV stations should provide lower rates for candidates in contrast to the other political participants, like PACs, to help the candidate but more ads.
Meanwhile, Biden has been trailed by Trump in most of the polling. However, the officials of Trump campaign insist that they presently have enough funds remaining to prevail, indicating that Hillary Clinton had outraised as well as outspent the President back in 2016 but still lost presidency.
Meanwhile, Bill Stepien, the manager of Trump campaign, made an announcement this week about a USD 55mn advertisement buy during last 2 weeks of election campaign.
The campaign aides argue that a vigorous ground operation would help pay for Trump on the Election Day. Trump admin officials said that the campaign presently has 2.5mn volunteers who’ve helped make over 118mn calls to the voters during this year’s election cycle.