Former Vice President Joe Biden and aligned Democratic committees maintained a substantial cash advantage of more than $107 million over President Donald Trump and his political operation in the final weeks of the campaign, according to a new round of filings that capture last-minute fundraising and spending.
And the reports show Biden outspending the President in the campaign’s homestretch: Biden’s campaign alone brought in $130 million during the first two weeks of October and spent more than $145 million. That’s a spending rate of more than $10 million a day over the two-week period.
Trump, by comparison, raised nearly $43.6 million between October 1 and October 14 and spent $63.1 million, according to filings Thursday night with the Federal Election Commission.
The President’s political operation has struggled to compete financially with Biden in recent months, and Trump has headed to high-dollar fundraising events to shore up his cash position in the waning days of the presidential campaign.
On Thursday — just hours before the pair’s final confrontation on the debate stage — 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.